Mortgage rates down
Mortgage rates dropped slightly this week on lower bond yields, Freddie Mac said Thursday.
The mortgage lender said 30-year fixed-rate mortgages averaged 6.68 percent this week, down from 6.69 last week. Last year, 30-year FRMs averaged 6.63 percent. One-year adjustable rate mortgages averaged 5.59 percent this week, down from 5.69 percent last week. Last year, 1-year ARMs averaged 5.69 percent.
Lower interest rates could help stimulate the Sacramento real estate market.