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After weeks of jumping, U.S. mortgages rates take modest dip

(BIZ Journals) - 1 years, 4 months ago
 U.S. mortgage rates fell this week after rising to their highest level in four year, according to Freddie Mac. The 30-year fixed mortgage averaged 4.55 percent for the week ending May 3, down from 4.58 percent the previous week. A year ago, mortgage rates stood at 4.02 percent. Favorable mortgage rates have helped drive U.S. home sales, as well as the refinance market. “While mortgage rates have increased by one-half of a percentage point so far this year, it has not impacted home purch...
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