The average for the 30-year fixed-rate mortgage fell five basis points to 5.25% in the week ending May 19, according to Freddie Mac.
A year earlier, the 30-year fixed-rate mortgage averaged 3%.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Mortgage Rates Slip But Stay Solidly Above 5%
Long-term mortgage rates fell slightly in the most recent weekly data but remained significantly higher than a year ago. So reports CNN.
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