La Jolla Real Estate, Del Mar Homes, Rancho Santa Fe, Carmel Valley, University City and Downtown San Diego real estate,
homes and condos for sale in California - Ruth Mills & the Mills Team, REALTOR.






Search the San Diego MLS
(includes all areas in San Diego County)



 FEB. 26, 2007
Mortgage Rates Fall to lowest point in Six Weeks
The rate for a 30-Year fixed mortgage fell this week to an average of 6.22%. This is down from 6.30% last week and 6.26% last year.
Frank Nothaft, Freddie Mac VP and Chief Economist, stated that mortgage rates have eased up a bit as a result of concerns over the sluggish housing market and the overall effect on the growth of the economy.

The Primary Mortgage Market Survey which is produced by Freddie Mac for the week of February 22 reports that 15-yr. fixed rate loans averaged 5.97%. This is down from 6.03% the previous week and down 5.89% in 2006.

Back to Real Estate News

View Homes and/or Condos in San Diego County