
Mortgage rates continue their downward slide, making refinancing increasingly attractive to borrowers. Average mortgage fell week-over-week according to the LendingTree Weekly Mortgage Rate Pulse. The Pulse tracks the lowest and average mortgage rates offered by lenders on the LendingTree network.
On May 17, average home loan rates offered by LendingTree network lenders were:
4.79% (5.03% APR) for 30-year fixed mortgages
4.00% (4.39% APR) for 15-year fixed mortgages
3.42% (3.62% APR) for 5/1 adjustable rate mortgages (ARM).
Rates for 30-year fixed loans and 5/1 ARMs fell week over week, while 15-year fixed rates were flat.
On the same day, the lowest mortgage rates offered by lenders on the LendingTree network were 4.375 percent (4.51% APR) for a 30-year fixed mortgage, 3.5 percent (3.74% APR) for a 15-year fixed mortgage and 2.875 percent (3.17% APR) for a 5/1 ARM. Rates for all loan types declined one eighth of a percent.
“With rates continuing their month-long decline, we’re seeing …









