Long-term Mortgage Rates Drop for the Ninth Week Out Of The Last Ten

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year, fixed-rate mortgage (FRM) averaged 5.62 percent, with an average 0.6 point, for the week ending June 2, 2005, down from last week when it averaged 5.65 percent. Last year at this time, the 30-year FRM averaged 6.28 percent. FULL STORY->