Freddie Mac Interest Rates Fall

Freddie Mac reported that this week marked the second drop in rates in 11 weeks on 30-year fixed mortgage rates. Rates fell to 6.62 percent this week from 6.67 percent a week earlier.

Weaker-than-anticipated jobs report that lessened inflation fears was the major factor according to government sources.

The 15-year fixed mortgage rate slipped from 6.26 a week ago to today’s 6.23 percent. One-year adjustable rate dipped to a much welcomed 5.63 percent from 5.68 percent, and the five-year hybrid adjustable rate dropped to 6.20 percent from 6.26 percent over the same time period.