Mortgage interest rates again move lower

The Primary Mortgage Market Survey turned in a 5.97% rate for 30-year fixed, dropping for the fourth consecutive week. At the same time last year this Freddie Mac index stood at 6.10%. Most interest rates throughout the financial spectrum have been declining recently on account of the flagging economy. Less expensive mortgage money combined with falling home prices make housing more affordable, a development that ought to begin gradually improving the ravaged real estate market.