Rates for home loans ticked down after throttling to their highest in more than seven years as investors piled into safe-haven assets. The 30-year fixed-rate mortgage averaged 4.56% during the May 31 week, down 10 basis points, Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 4.06%, down from 4.15%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.80%, down seven basis points.
Source: Market Watch