Finance

Mortgage Rates Fall 

Average rates for various types of mortgages fell over last week’s data, according to a report released Thursday by Freddie Mac [stock FRE][/stock]. The government-sponsored entity reported only one rise. The rate of one-year Treasury-indexed ARMs rose to an average 5.15 percent from 5.12 percent last week. Although it was the only rate to show an increase, the one-year ARM rate also showed the largest year-over-year drop of 58 basis points.