Mortgage rates fall for fifth straight week, lowest since mid-April

Mortgage rates fall for fifth straight week, lowest since mid-April
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Average rate on the benchmark 30-year fixed mortgage fell to 6.67%, says Freddie Mac.

Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, mortgage buyer Freddie Mac said Thursday.

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.67% from last week's reading of 6.77%.

The average rate on a 30-year loan was 6.95% a year ago.

   
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