Average US 30-year mortgage rate slips to 4.02 percent

The S&P CoreLogic Case-Shiller National Home Price Index Rises Again To All Time High
The S&P CoreLogic Case-Shiller National Home Price Index Rises Again To All Time High

WASHINGTON/May 18, 2017 (AP) (StlRealEstate.News) — Long-term U.S. mortgage rates inched lower this week. It was the fifth straight week that the benchmark 30-year rate hovered around the key threshold of 4 percent.

Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate home loans slipped to 4.02 percent from 4.05 percent last week. The rate stood at 3.58 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971.

The rate on 15-year mortgages eased to 3.27 percent from 3.29 percent last week.

Kathy Bratkowski
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Kathy Bratkowski is an award-winning writer and multimedia producer. Her television work has been recognized with eleven regional Emmy® awards and multiple Telly awards. Her documentaries and programs have screened at film festivals (St. Louis International Film Festival and New York Television Festival). She writes and produces videos and web content for dozens of national corporations. In a previous life, she was a television news producer and worked in the corporate world. She is a published feature and short story writer and has an M.A. in Marketing and an M.F.A. in Creative Writing. She teaches Multimedia Storytelling (aka Convergence Media Production) at St. Louis Community College-Forest Park.