Mortgage Rates Fall: Interest rates on adjustable-rate...

Mortgage Rates Fall: Interest rates on adjustable-rate mortgages fell to 9.55% in August from 9.73%, and rates for fixed-rate mortgages fell to 10.42% from 10.60%, declining for the fourth straight month, the Office of Thrift Supervision said. The effective rate on loans, which reflects the interest rate and costs for both adjustable- and fixed-rate mortgages, also declined in August to 10.14% from 10.41% in July. The Office of Thrift Supervision is the newly created government agency that regulates the thrift industry.