Mortgage Rates Down For 4th Week

Mortgage rates moved down very slightly once again this week, making this now a four week trend. The benchmark 30-year fixed-rate mortgage fell to 5.55 percent, according to the Bankrate.com national survey of large lenders.  One year ago, the mortgage index was 6.77 percent; four weeks ago, it was 5.8 percent.  The benchmark 15-year fixed-rate mortgage fell to 4.89 percent.  The benchmark 5/1 adjustable-rate mortgage fell to 4.93 percent.