By: Reuters
U.S. mortgage rates stayed at or near record lows in the past week, with the 30-year fixed rate 1/2 percentage point lower than a year ago, home funding company Freddie Mac said Thursday.
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CNBC.com
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In the midst of volatile bond markets, home loan rates continued to keep affordability high.
Demand for loans to buy homes tumbled to 13-year lows in May after spiking in prior weeks, when buyers raced to sign contracts before a homebuyer tax credit expired on April 30.
The buyer retreat is seen as temporary, with spring sales pulled into earlier months because of the credit.