Mortgage Rates Drop for Fourth Straight Week

Residential | Loans | Rates

30-year fixed avg rate down 0.01% on week, down 0.50% on year

Freddie Mac reports the following national averages with mortgage rates for the week ending May 23:

30-year fixed-rate mortgages

15-year fixed-rate mortgages

5-year hybrid adjustable-rate mortgages

Freddie Mac’s chief economist, Sam Khater, had this to say,

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