Mortgage rates continued to decline by baby steps as
reported by Freddie Mac in its Primary Mortgage Market Survey. The 30-
year fixed-rate mortgage (FRM) averaged 6.20 percent with 0.5 point
during the week ended November 21. The previous week it averaged 6.24
percent with 0.4 point. One year ago the 30-year averaged 6.18
percent.
The Weekly Mortgage Applications Survey conducted by
the Mortgage Bankers Association for the week ended November 23 showed a
strange pattern in interest rate changes…