Rates Trend Down For Another Week
Mortgage rates inched down last week, reaching their lowest level in nearly three months. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.86%, down slightly from the week prior’s 6.87%. A year ago at this time, the 30-year FRM averaged 6.71%. The 15-year, however, rose to 6.16% from 6.13%. A year…