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Mortgage rates have slowly been inching up over the past month, but they remain below their levels a year ago. "Despite the recent rise in mortgage rates, both existing- and new-home sales continue to show strength-indicating the lagged effect of lower rates on housing demand," says Sam Khater, Freddie Mac’s chief economist.

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Freddie Mac reports the following national averages with mortgage rates for the week ending May 23: 30-year fixed-rate mortgages: averaged 4.06%, with an average 0.5 point, falling from last week’s 4.07% average. Last year at this time, 30-year rates averaged 4.66%. 15-year fixed-rate mortgages: averaged 3.51%, with an average 0.4 point, falling from a 3.53% average last week. A year ago, 15-year rates averaged 4.15%.

CHICAGO (MarketWatch) – Mortgage rates crept up for a fourth week, but the 30-year fixed-rate mortgage held below 5%, according to Freddie Mac’s weekly survey of conforming mortgage rates, released.

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The 30-year fixed-rate mortgage averaged 4.06% for the week ending May 23, 2019, down from last week’s rate of 4.07%. A year ago, the rate was 4.66%. A year ago, the rate was 4.66%. " Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates since late 2018," Freddie Mac Chief Economist Sam Khater said.

Sam Khater, Freddie Mac’s chief economist, says, "Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates since late 2018. The drop in mortgage rates is causing purchase demand to rise and the mix of demand is skewing to the higher end as more affluent consumers are typically more responsive to declines in rates."

. Market Survey ® (PMMS ®), showing that fixed mortgage rates posted a fourth consecutive week of increases. sam khater, Freddie Mac’s chief economist, says, “Despite the recent rise in mortgage.

Mortgage rates rose seven basis points compared with the prior week, but remained below 3.6% over four consecutive weeks for the first time since the fourth quarter of 2016, according to Freddie mac. mortgage rates forecast glenn mccullom September 12

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MCLEAN, VA–(Marketwired – Nov 6, 2014) – Freddie Mac ( OTCQB : FMCC ) today released the results of its Primary Mortgage Market Survey® (PMMS ®), showing average fixed mortgage rates moving higher.

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