Today’s mortgage rates for May 2, 2024: Rates remaining steady

Today’s 30-year fixed mortgage rate is 7.75% which is higher than last week's 7.65%, according to data from Curinos. This is an increase from last month’s 7.37%. Last year around the same time, 30-year fixed rates were 5.95%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, you'll pay about $715 each month for every $100,000 you borrow — up from about $708 last week. Ready to buy? Compare the best mortgage lenders.   To continue reading the rest of the article, please click on the source link below: https://www.usatoday.com/money/blueprint/mortgages/mortgage-rates-05-02-24/