Freddie Mac

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Mortgage Rates Ease Slightly 

Nov 13, 2008By

Mortgage rates fell only slightly this week, the second week of an easing trend, as news of continuing economic headwinds helped push yields on Treasuries downward — and by extension, pushed mortgage rates downward, as well. According to a weekly rate survey published Thursday by Freddie Mac [stock FRE][/stock], 30-year fixed-rate mortgages averaged 6.14 percent with 0.7 point for the week ended Nov. 13. That’s down slightly from the 6.20 percent recorded one week earlier, and 10 basis points below last year’s levels.

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