Mortgage Rates Bounce Back From Five Week Downward Trend

[hometowngrl53]

Mortgage Rates Bounce Back from Five-Week Downward Trend
Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.68 percent with an average 0.4 point for the week ending January 31, 2008, up from last week when it averaged 5.48 percent. Last year at this time, the 30-year FRM averaged 6.34 percent


read here http://realtytimes.com/rtpages/20080201_rates.htm

[thohome]

Is it true that You really don't want the interest rate to drop to much because then our homes would depreciate in value.