Friday, August 18, 2006

Rates Slip for Fourth Straight Week

Freddie Mac released the results of its latest Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.52 percent with an average 0.3 point for the week ending August 17, 2006, down from last week's average of 6.55 percent. By contrast the 30-year FRM averaged 6.80 percent four weeks ago. Last year at this time, the 30-year FRM averaged 5.80 percent.

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