Mortgage Rates Lower: Fixed-rate mortgages averaged 9.81%...
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From Times Staff and Wire Reports
Mortgage Rates Lower: Fixed-rate mortgages averaged 9.81% this week, down from 9.9% last week, according to a national survey released by the Federal Home Loan Mortgage Corp. The rate was the lowest since rates averaged 9.8% last January. On one-year adjustable rate mortgages, lenders were asking an average initial rate of 8.04%, down from 8.08% last week. The rates do not include add-on fees known as points.
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