Mortgages and the International Trade War
Turmoil in the stock and bond markets due to the escalating trade dispute between the U.S. and China pushed down interest rates for home loans.
The 30-year fixed-rate mortgage slipped 1 basis point and averaged 4.06% during the May 23 week, matching its low for 2019, per Freddie Mac. The 15-year fixed rate mortgage averaged 3.51%, down from the previous week’s 3.53%.
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