Interest Rates Continue To Fall

Freddie Mac's Primary Mortgage Market Survey reports the average interest rate on a 30-year fixed rate mortgage to be 6.08 percent for the week ending Dec. 7. This is down from the previous week's 6.14 percent and the lowest rate this year since mid-January.

"Continued signs of slowing in the housing market and weakness in the manufacturing sector helped keep mortgage rates down this week," said Frank Nothaft, Freddie Mac vice president and chief economist.

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