Mortgage Rates Jump, Could Retreat

The release of the Federal Reserve minutes pushed up interest rates on home loans this past week. But there are some indications that fixed rates could ease.

Conventional, conforming 30-year fixed rates averaged 3.94 percent in April, down a basis point from March, the Federal Housing Finance Agency reported.

For just the week ended May 26, fixed rates on 30-year home loans averaged 3.64 percent based on Freddie Mac’s Primary Mortgage Market Survey.

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From:: Financing