Rates on other types of mortgages also fell last week, according to the Freddie Mac survey. Rates on five-year adjustable- mor Rates on 15-year fixed-rate mortgages, a popular option for refinancing, fell to 6.07 percent, down from 6.18 percent the previous week. Mortgage Rates Fall From SFGate.com: "Mortgage rates moved lower (last week) as a drop in commodity prices eased market concerns over inflation pressures," said Frank Nothaft, chief economist at Freddie Mac. When shopping for home mortgage loans, you should have a basic idea on what to look for in a loan. Keep in mind a few things that would serve as your eligibility criteria for a home mortgage. For example, what types of loans are available from a given institution?