Mortgage Rates Hold, Could Climb

After taking a breather for seven days, fixed interest rates on residential loans are likely to escalate in the next report.

Thirty-year fixed rates averaged 4.02 percent in Freddie Mac’s Primary Mortgage Market Survey for the week that ended on May 4.

That was minimally less than 4.03 percent the prior week. But long-term rates deteriorated compared to 3.61 percent the same week last year.

---

…read more

From:: Financing