Freddie Mac: Mortgage rates below 4% are a glimmer of hope in a rebounding market
As economic tension continues to mount, mortgage rates fell below 4% this week to the lowest level since January 2018, according to the latest Freddie Mac Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 3.99% for the week ending May 30, 2019, down from last week’s rate of 4.06%. A year ago, the rate was 4.56%…