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Rates on 30-year mortgages drop to 6.35 percent (AP)


| | Rates on 30-year mortgages drop to 6.35 percent (AP)

Rates on 30-year mortgages drop to 6.35 percent (AP)

In this April 1, 2008 file photo, Joseph Barratt, 55, and others demonstrate outside a HOPE NOW home ownership preservation workshop at the University of Pennsylvania in Philadelphia. Demonstrators hoped to draw attention subprime mortgage crisis. The nation's psyche is battered and bruised, the sense of pessimism palpable. The Independence Day holiday is typically a time to honor all that we are as a nation, but the feeling is there's less to celebrate on this our 232nd birthday. Happy? It would seem not. (AP Photo/Matt Rourke, file)AP - 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.





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