Mortgage rates down a bit – most action in refinancing
WASHINGTON – Rates on 30-year mortgages dipped this week after rising a week earlier, and remain just above record lows.
Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages fell to 4.82 percent this week, down from an average of 4.87 percent last week. Rates have been below 5 percent for five consecutive weeks.
