Freddie Mac predicts modest climb in '05
Mortgage rates dropped for the second consecutive week, according to Freddie Mac's weekly mortgage survey.
Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.72 percent for the week ended today, down slightly from last week when it averaged 5.74 percent. The average for the 15-year fixed-rate mortgage this week is 5.15 percent, unchanged from last week.Points on both the 30- and 15-year averaged 0.6.
One-year Treasury-indexed adjustable-rate mortgages averaged 4.27 percent this week, with an average 0.7 point, up from last week when they averaged 4.17 percent
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