U.S. Mortgage Rates Decline for First Time in Five Weeks

http://www.bloomberg.com/news/2012-08-30/u-s-mortgage-rates-decline-for-first-time-in-five-weeks.html

U.S. mortgages rates fell for the first time in five weeks, lowering borrowing costs for homebuyers amid signs of a real estate recovery.

The average rate for a 30-year fixed mortgage fell to 3.59 percent in the week ended today from 3.66 percent, McLean, Virginia-based Freddie Mac (FMCC) said in a statement. The average 15- year rate was 2.86 percent, down from 2.89 percent.