Freddie Mac Reports Average 30-Year Conventional Mortgage Rates Decline
Frank Nothaft, Freddie Mac, Vice President & Chief Economist
“Mortgage rates eased back once again this week to the lowest level of the year. New construction on one-family homes rose for the fourth consecutive month in April and represented the strongest pace since August 2008. Moreover, homebuilder confidence rose for the 2nd straight month in May to the highest level since August 2007.”
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