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Article: U.S. Mortgage Rates Fall to 5.66 Percent
- Article from:
- AP Online
- Article date:
- January 15, 2004
- 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
01-15-2004
Dateline: WASHINGTON
Mortgage rates around the country dropped this week to a six-month low.
The average rate on 30-year mortgages declined to 5.66 percent, down from 5.87 percent last week, Freddie Mac, the mortgage giant, said Thursday in its weekly nationwide survey of mortgage rates. This week's rate was the lowest since July 11 when the rate averaged 5.52 percent.
Rates on 30-year mortgages have bounced around after sinking to a four-decade low of 5.21 percent in the middle of June.
For 15-year mortgages, a popular option for refinancing, rates decreased to 4.97 percent this week _ also the lowest since July 11 _ and down from ...