Mortgage Rates Drop

WASHINGTON (AP) - Rates on 30-year mortgages dropped below 6 percent this week for the first time in more than a month, reflecting aggressive efforts by the Federal Reserve to cut interest rates to protect the economy from a serious recession.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed rate mortgages averaged 5.87 percent this week. That was down from 6.13 percent last week and marked the first time that 30-year