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US mortgage rates fell 1/8 point Thursday-BestInfo

Thu Aug 7, 2008 4:22pm EDT

NEW YORK, Aug 7 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points declined by 1/8 percentage point to 6-3/4 percent on Thursday, according to BestInfo Inc.

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The 30-year mortgage rate with one upfront point fell by 1/8 percentage point to 6-1/2 percent.

The 30-year mortgage rate with two upfront points also dropped 1/8 percentage point, to 6-1/4 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; Editing by Dan Grebler)

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