Freddie Mac says 30-year mortgage rate fell to 5.81% this week

By Bloomberg News
Thursday, August 19, 2004

The average rate on a benchmark 30- year fixed mortgage fell to 5.81 percent in the U.S. this week, the lowest in five months, according to Freddie Mac.

The 30-year rate dropped from 5.85 percent a week earlier and was the lowest since the second week of April. The one-year adjustable rate dropped to 4.01 percent, the lowest in two months, from 4.08 percent, Freddie Mac said. The 15-year fixed rate fell to 5.19 percent from 5.24 percent.

Freddie Mac, based in McLean, Virginia, is the second- biggest purchaser of U.S. mortgages. Fannie Mae is the largest.

 

 

 

 

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