Mortgage rates fall for first time in 3 weeks

Mortgage rates fell for the first time in three weeks this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.3% from last week's reading of 6.34%. The average rate on a 30-year loan was 6.32% a year ago. An "open house" sign in front of a home for sale in the Woodland Hills neighborhood of Los Angeles, California. "Over the last few weeks, mortgage rates ha ...