Mortgage Rates Keep Falling

February 11, 2005, 1:00 a.m. EST 1 Min Read

McLEAN, Va. - (02/11/05) -- Long-term mortgage rates fell againthis week, for the sixth week in a row, with the average for the30-year loan slipping to its lowest since last April, according toFreddie Mac. The average for the 30-year, fixed-rate mortgage fellto 5.57% this week, from 5.63% last week; while the average for the15-year, fixed-rate loan dipped to 5.10%, from 5.14%. The one-yearARM rate also declined to 4.11% this week, from 4.23%; while theaverage for five-year hybrid ARMs slipped slightly to 4.99%, from5%.

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