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Mortgage Rates Fall for Second Week

Mortgage News > Mortgage Rates Fall for Second Week
Date: 05/14/2019    Mortgage Rates Fall for Second Week

U.S. mortgage interest rates declined in the latest week, according to Freddie Mac, as investors worried about international trade wars. The average rate on a 30-year fixed-rate mortgage dropped to 4.10% with an average 0.5 point during the week ended May 9, down from 4.14% the week before. The decrease is more dramatic in a yearly comparison; the average rate a year ago was much higher at 4.55%.

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