Mortgage rates hold near 2018 highs in a ‘nirvana’ moment for housing, Freddie Mac says

Rates for home loans were little-changed in the most recent week, as the U.S. economy remains strong and demand for housing even stronger. The 30-year fixed-rate mortgage averaged 4.55% during the May 10 week, the same as in the prior week according to Freddie Mac’s survey, released Thursday. The 15-year fixed-rate mortgage averaged 4.01% during the week, down two basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.77% , up from 3.69%.

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Source: MarketWatch