Mortgage Rates Continue Down

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Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) results released May 29 show average fixed mortgage rates falling for the fifth week in a row and hitting new lows for the year. The 30-year fixed-rate average is at its lowest point since the week of October 31, 2013.

Mortgage Rate Hits Year Low

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 Freddie Mac’s May 8 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates moving down further and following the decline in Treasury yields as economic growth for the first quarter came in well below market expectations. At 4.21 percent, the 30-year fixed-rate mortgage is at its lowest since the week of November 7, 2013.