Mortgage rates down for fourth straight week (XLRE:NYSEARCA)

Mortgage rates decreased for the fourth consecutive week, according to the latest Freddie Mac (OTCQB:FMCC) Primary Mortgage Survey.30-year fixed-rate mortgages averaged 6.17% as of October 30, down from 6.19% last week and 6.72% in the same period a year ago.15-year fixed-rate mortgages averaged 5.41%, down from 5.44% a week ago and 5.99% a year ago."The last few months have brought lower rates and homebuyers are increasingly entering the market," said Freddie Mac's chief economist, Sam Khater. ...