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Article: Rates for 30-Year Mortgages Fall Again
- Article from:
- AP Online
- Article date:
- September 25, 2003
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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JEANNINE AVERSA, Associated Press Writer
AP Online
09-25-2003
Dateline: WASHINGTON
After rising sharply since late June, rates on benchmark 30-year mortgages retreated for the third week in a row, a trend that should help keep the housing market humming.
For the week ending Sept. 26, the average rate on 30-year mortgages dipped to 5.98 percent from 6.01 percent a week ago, the mortgage company Freddie Mac reported Thursday in its weekly nationwide survey of rates.
The rate was the lowest since late July, when 30-year mortgages averaged 5.94 percent.
Rates on 15-year fixed-rate mortgages, a popular option for refinancing, held steady at 5.30 percent this week. Rates for one-year adjustable ...