Mortgage rates fall for fourth straight week

Interest rates on mortgages, which have been blamed for Florida’s slowing housing marking, fell for the fourth straight week though they remain more than double from where they were a year ago.

According to Freddie Mac’s Primary Mortgage Market Survey released Nov. 8, the average 30-year-fixed rate mortgage was 6.33% last week, down from an average of 6.49% the previous week. The average 15-year fixed rate mortgage was 5.67% down, from 5.76% the week before.