Average 30-year mortgage rate dips to 4.2%
Mortgage Rate Trend Index
Almost two-thirds (62%) of experts polled this week by Bankrate.com think rates will remain stable over the short term, while 25% foresee an increase and 13% anticipate further declines.
WASHINGTON (AP) – May 16, 2014 – Average U.S. rates on fixed mortgages declined this week for a third straight week. The low rates could give a boost to the spring home-buying season, which has gotten off to a slow start.
Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year loan eased to 4.20 percent from 4.21 percent last week. The average for the 15-year mortgage fell to 3.29 percent from 3.32 percent.