Mortgage rates decrease due to stabilization of bond market
From Yahoo Finance: 2025-05-01 12:24:00
Mortgage rates dip this week, with the average 30-year rate at 6.76% and 15-year at 5.92%. Treasury yields fall to 4.2% from 4.31%. Markets await more info on interest rates post-tariff announcement. Fed expected to keep rates steady next week, affecting mortgage rates. Applications to purchase homes drop 4%.