U.S. mortgage rates fell on Thursday - BestInfo

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

If the mortgage market on Friday continues in its current direction, rates may decline.

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

The 30-year mortgage rate with two upfront points fell 1/8 of a percentage point to 5-3/4 percent.

The Mortgage Point Monitor is provided exclusively to Reuters by BestInfo, Inc, a Dover, Vermont-based provider of mortgage market analysis. (Reporting by Julie Haviv; Editing by James Dalgleish)