Mortgage rates fall for second consecutive week

Following last week’s decline, mortgage rates fell for the second consecutive week.

The 30-year fixed-rate mortgage averaged 4.54% for the week ending June 7, 2018, down from 4.56% last week, but up from 3.89% last year.

The 15-year FRM decreased to an average 4.01% this week, down from 4.06% last week and up from 3.16% in 2017.

The five-year Treasury-indexed hybrid adjustable-rate mortgage decreased to an average 3.74% this week, down from 3.80% last week. This time last year it was 3.11%.

 Source: Housing Wire