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30-Year Mortgage Rate Dips to One Basis Point of All-Time Low

Monday, May 25 2020
Lending
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Long-term U.S. mortgage rates have slipped, remaining near record lows. So reports MarketWatch.

According to Freddie Mac, the average rate for the 30-year fixed-rate mortgage slipped four basis points to 3.24% in the week ending May 21. That’s one basis point above the all-time low of 3.23% hit earlier this year.

The 15-year mortgage averaged 2.7% on the week, down two basis points from a week earlier.

Read the full article from MarketWatch.

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