Sunday, July 5, 2009

Mortgage rates slide - 30-year at 5.7%

"Home mortgage rates retreated last week, with the 30-year fixed slipping to 5.7% from 5.8% the week prior, according to a report from a financial data aggregator released Thursday.

The average 15-year mortgage rate also fell, dipping to 5.07% from 5.16%, according to the weekly national survey from Bankrate.com.

Mortgage rates fell to month-ago levels 'as evidence mounts of continued economic weakness,' the report said, citing troubling recent data on unemployment, GDP and consumer spending."

Mortgage rates slide - 30-year at 5.7%

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