U.S. Mortgage Rates Continue Downward Trend

Coming in at 6.76 percent to kick off the month of May According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average rate for a 30-year fixed mortgage in the United States declined to 6.76% this week, marking a continued easing in borrowing costs. Sam Khater "Mortgage rates again declined this week," said Sam Khater, Chief Economist at Freddie Mac. "In recent weeks, rates for...

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