Mortgage rates creeping down at last
Mortgage rates seem to be creeping down at last as the Abbey has become the second large lender to announce small rate reductions this week.
Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets.Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 percent this week, down from 6.20 percent last week.