Friday, May 22, 2015

30-year mortgage slips to 3.84 percent

WASHINGTON — Average long-term U.S. mortgage rates edged slightly lower this week after rising for three straight weeks.

Mortgage giant Freddie Mac said the average rate on a 30-year fixed-rate mortgage ticked down to 3.84 percent this week from 3.85 percent a week earlier. The rate on 15-year fixed-rate mortgages slipped to 3.05 percent from 3.07 percent. Last week both rates reached their highest level since mid-March, rising along with the yield on 10-year Treasury notes — reflecting some signs of improvement in the U.S. economy.

read more: http://www.news-journal.com/news/2015/may/21/30-year-mortgage-slips-to-384-percent/

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