Mortgage rates dipped for the fifth consecutive week, following a first-quarter economic-growth estimate that fell short of expectations.
Rates on 30-year fixed-rate mortgages averaged 3.35 percent with an average 0.7 point for the week ending May 2, down from 3.4 percent last week and 3.84 percent a year ago, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey. The drop put the 30-year rate not far above the record low of 3.31 percent seen during the week ending Nov. 21, 2012.
Rates on 15-year fixed-rate mortgages, 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans and 1-year Treasury-indexed ARMs also dipped. Source: Fannie Mae
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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