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.

Freddie Mac’s May 1 release of its Primary Mortgage Market Survey® (PMMS®) results shows average fixed mortgage rates moving down slightly following the release of real GDP estimates for the first quarter.