Mortgage interest rates drop
Mortgage rates fall sharply
Mortgage rates at 8-month low
Rates on 30-year mortgages fell sharply last week to the lowest level in eight months, reflecting easing inflation concerns.
Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages dipped to 6.24 percent, down from 6.33 percent the previous week. The decline pushed rates to the lowest level since March 2, when they also stood at 6.24 percent.
Analysts attributed last week’s drop to further good news on inflation as both consumer and wholesale prices registered big drops
