Mortgage rates showed little movement this week, holding near the lows for the year.
“Although there was minimal change in rates this week, the hawkish tone of Wednesday’s Fed minutes release had an immediate impact on Treasury yields, and could possibly shake up next week’s survey results,” says Sean Becketti, Freddie Mac’s chief economist.
Freddie Mac reports the following national averages with mortgage rates for the week ending May 19:
Source: Freddie Mac
Reprinted from REALTOR® Magazine Online (http://realtormag.realtor.org), May 20, 2016, with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2016. All rights reserved.