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The average rate for a 30-year, fixed-rate mortgage loan in the U.S. nudged lower, from 6.06 percent to 6.05 percent, United Press International (UPI) reported May 8, 2008.
Despite all the talk about interest rates moving higher, the current average for the 30-year rate is below the 6.21 percent from the same time last year.
The 15-year note remained increased slightly, moving from 5.59 percent to 5.60 percent.
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