Mortgage rates remained on the high side this week while pending home sales continued to decline and mortgage delinquency rates also recorded downward motion.
On The Mortgage Front: According to the latest data from Freddie Mac (OTC:FMCC), the 30-year fixed-rate mortgage averaged 5.1% for the week ending April 28, down slightly from last week’s 5.11%. The 15-year fixed-rate mortgage averaged 4.4%, up from last week’s 4.38%. And the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.78%, up from last week’s 3.75%.
