Mortgage rates dip on weak employment data

Mortgage rates dip on weak employment data: "Mortgage rates dip on weak employment data
If mortgage experts polled this week by Bankrate.com are correct, now is the time to lock in on interest rates. A clear majority of the panelists (63 percent) believe mortgage rates will rise over the next 35 to 45 days. One-quarter think rates will fall, and the rest (12 percent) predict rates will remain relatively unchanged.
WASHINGTON -- June 9, 2006 -- Mortgage rates fell this week as a weaker-than-expected employment report eased concerns about inflation.

Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.62 percent, down from 6.67 percent last week, which had been the highest level in nearly four years.

It marked only the second rate decline in the past 11 weeks and still left the 30-year mortgage more than a percentage point above where it was a year ago."