US mortgage rates drop 1/8 pt on Thursday-BestInfo

NEW YORK, May 15 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points declined 1/8 percentage point to 6-1/8 percent on Thursday, according to BestInfo Inc.

The 30-year mortgage rate with one upfront point dropped 1/8 percentage point to 5-7/8 percent.

The 30-year mortgage rate with two upfront points also fell 1/8 percentage point, to 5-5/8 percent.

The Mortgage Point Monitor is provided exclusively to Reuters by BestInfo, Inc., a Dover, Vermont-based provider of mortgage market analysis. (Reporting by Lynn Adler)