With Global Goings-On, Mortgage Rates Withdraw

After hitting a record not seen since 2011, the average 30-year, fixed mortgage rate this week withdrew, down to 4.56 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage and average five-year, Treasury-indexed hybrid adjustable rates slipped, as well, down to 4.06 percent and 3.80 percent, respectively.
“The decline was driven by recent trade and geopolitical issues, which led to a sudden decrease