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Mortgage Rates Online News Top three UK mortgage lenders cut some of their rates (Daily Telegraph) Britain's three biggest lenders have cut some of their mortgage rates, raising hopes that the worst of the turmoil in the mortgage market may be over. By Harry Wallop, Consumer Affairs Correspondent. Read more Mortgage rates drop, snapping a 3-week climb (CNN Money) Rates on 30-year fixed mortgages fell for the first time in three weeks after the Federal Reserve said last week that it expects inflation to level off, according to mortgage backer Freddie Mac. Read more Mortgage rates slightly down (Chicago Sun-Times) Thirty-year fixed-rate mortgages averaged 6.35 percent this week, down 0.1 percent from last week, which had been the highest level since last September, Freddie Mac, the mortgage company, reported Thursday. Rates had been rising for five straight weeks. Read more Mortgages: U.S. mortgage rates ease: Freddie Mac (Market Watch) CHICAGO (MarketWatch) -- Mortgage rates reversed direction and fell this week, in part due to expectations that inflation will moderate later this year, Freddie Mac's chief economist said on Thursday. Read more Freddie Mac reports 30-year mortgage rates fall to 6.35% (The Tennessean) WASHINGTON — Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week as signals from the Federal Reserve eased worries about imminent rate increases. Read more

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