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Mortgage rates dip to 30 year low in late May
U S long mortgage rates held steady this week after weeks of decline at historically low levels. The 30 year fixed rate stayed at 3.82 percent, the lowest since 2017. The average rate for all loan types edged down to about 3.26 percent. Mortgage applications for new home purchases jumped 20.1 percent in May from a year earlier per the Mortgage Bankers Association.
MENTIONED IN THIS ARTICLE
Shington
U.S
Mrtgage
Fredlac
Mortgage Bankers Association
Edward Jones