Rates for 30-year mortgages drop for first time in five weeks
Mortgage rates for 30-year loans declined for the first time in five weeks, reducing borrowing costs from a 10-month high. The average rate for 30-year fixed loans fell to 5 percent this week from 5.05 percent, according to Freddie Mac. The average 15-year rate was 4.27 percent, down from 4.29 percent last week, the mortgage- [...]