Mortgage rates fall across board
From Times Wire Services
Rates on 30-year fixed-rate mortgages averaged 6.26% this week, down from 6.37% last week and the lowest since the week of June 5, mortgage company Freddie Mac said.
Average rates on 15-year fixed-rate mortgages, a popular refinancing option, dropped to 5.78% from 5.91%. Rates on five-year adjustable-rate mortgages fell to 5.80% from 5.82%, while one-year ARMs dropped to 5.10% from 5.17%.
These rates do not include add-on fees known as points. The nationwide fee for 30-year, 15-year, five-year and one-year mortgages all averaged 0.6 of a point this week.
