Thursday, September 01, 2005

Mortgage Rates Continue To Drop

Mortgage rates declined again this week amid economic uncertainty. Here are the details:

NEW YORK, Sept 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- Fixed mortgage rates fell for the third straight week amid increased economic uncertainty stemming from the continued increase in oil and gasoline prices. The average 30-year fixed rate mortgage fell from 5.86 percent to 5.8 percent, according to Bankrate.com's weekly national survey of large lenders. The 30-year fixed rate mortgages in this week's survey had an average of 0.36 discount and origination points
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