U.S. 30-year mortgage rates fall below 4%: Freddie Mac

May 30, 2019

NEW YORK (Reuters) – Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the United States, Freddie Mac said on Thursday.

Thirty-year mortgage rates averaged 3.99% in the week ended May 30, down from 4.06% a week earlier and 4.56% a year ago, the mortgage finance agency said.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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