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30-year mortgage rates show no change for third week in row
Published: 08/15/08   1:00 am
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WASHINGTON – Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines.

Mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent this week.

That was the same rate as the two previous weeks and represented the second-highest rate of the year.

The highest rate so far this year was 6.63 percent hit for the week ending July 24.

Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, fell to 6.07 percent, down from 6.10 percent last week.

Rates on five-year, adjustable-rate mortgages averaged 6.02 percent this week, down slightly from 6.05 percent last week.

Rates on one-year, adjustable-rate mortgages dipped to 5.18 percent, down from 5.22 percent last week.

Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
 

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