Daily mortgage rates for May 15, 2024: Steady rates

According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.50%. This means they’re about the same as 7.50% last week. Last month, rates were at 7.67%, putting today’s rates significantly lower and up from 7.01% last year. The 30-year fixed-rate average today is 1.63 percentage points below the 52-week high of 9.13% and 1.87 percentage points higher than the 52-week low of 5.63%. At the current 30-year fixed rate, you'll pay about $698 each month for every $100,000 you borrow — the same as 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-05-15-24/