30-year Mortgage Interest Rates Unchanged

Average U.S. 30-year, fixed-rate mortgage interest rates remained at 5.88 percent, the fifth straight week below 6 percent, the Associated Press (AP) reported April 17, 2008.

"But other rates showed declines, which analysts attributed to rising hopes that the Federal Reserve, responding to weak economic data, will move at the end of this month to cut interest rates again."

Average rates for 15-year, fixed-rate mortgages, a popular choice for refinancing, declined to 5.40 percent, down from 5.42 percent the previous week.

Read The AP Article