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Article: Business Briefs

Article from:
Honolulu Star - Bulletin
Article date:
May 23, 2008
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Copyright

FAST FACTS HAWAII

NATION

Mortgage rates below 6 percent

WASHINGTON » Rates on 30-year mortgages dipped below 6 percent this week, falling to their lowest level in five weeks.

Freddie Mac, the mortgage company, reported yesterday that 30-year fixed-rate mortgages averaged 5.98 percent this week. That was down from 6.01 percent last week, and the lowest since they averaged 5.88 percent the week of April 17. A year ago they stood at 6.37 percent.

Rates on 15-year fixed-rate mortgages also fell, dropping to 5.55 percent, down from 5.60 percent last week. However, the five-year adjustable-rate mortgage edged up to 5.61 percent. The rate on one-year ARMs rose to 5.24 percent.

Ford: No profit ...

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