Mortgage Mix: Rates Remain Above 7%, but Declined for the First Time in Months

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Per Freddie Mac, the latest average mortgage rates as of May 9 are 7.09% for the 30-year fixed-rate mortgage and 6.38% for the 15-year fixed-rate mortgage.  Compared to the previous week of May 3–the 30-year…

The post Mortgage Mix: Rates Remain Above 7%, but Declined for the First Time in Months appeared first on RISMedia.

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