Mortgage rates continue to decrease

Econ & Housing MCLEAN, Va. —  Freddie Mac’s May 26 Primary Mortgage Market Survey (PMMS), shows that the 30-year fixed-rate mortgages (FRM) averaged 5.10%. “Mortgage rates decreased for the second week in a row due to multiple headwinds that the economy is facing,” said Sam Khater, Freddie Mac’s chief economist. “Despite the recent moderation in rates, the…

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