Rates on 30-year mortgages edge down slightly

WASHINGTON, D.C. (AP) - Rates on 30-year mortgages edged down slightly last week, but remained above 6 percent for the third straight week.

Mortgage giant Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.05 percent last week, compared to 6.06 percent the previous week. It marked the third week that 30-year rates have been above 6 percent.

Analysts said rates for all mortgages didn't change much last week as the housing industry continues to confront the worst downturn in more than 20 years.

"The housing market is still struggling amid falling house prices and stricter lending standards," said...