Freddiemac.com has released the results of its Primary Mortgage Market Survey. The 30-year FRM averaged 6.22 percent for the week ending February 22, 2007, down from last week's average 6.30 percent. Last year at this time, the 30-year FRM averaged 6.26 percent.

"Mortgage rates eased a little more this week, as market participants were concerned over how much drag the slowing housing market may have on economic growth," said Frank Nothaft, Freddie Mac vice president and chief economist.

Low rates means it is a great time to buy Ringwood real estate. March is almost here and spring time is when the most houses are available for sale. Don't hestitate. Call us today, 973-962-5410, to start your home search.