Mortgage rates drop for fifth consecutive week
Thursday, May 13, 2010 - 13:40
in Earth & Climate
Interest rates hit their lowest level this year, mortgage company Freddie Mac says. The average rate for a 30-year fixed loan is 4.93%. The European debt crisis is helping to drive down rates. Interest rates on mortgages have declined for the fifth straight week, with 30-year fixed loans dropping below 5% to the lowest level of the year, Freddie Mac said in its...