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Did you see those rates?
Thirty-year fixed mortgages overnight have fallen well below 6 percent.
That's a huge drop from last week, when the 30-year fixed average was 6.35 percent. As of Tuesday, Bankrate.com says the rates have fallen to 5.88 percent.
It's probably a sign of how much the market likes the Fannie and Freddie takeover.
Watch for further declines Thursday, when Freddie Mac posts the weekly average.
Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...
