The rate for a 30-year fixed-rate mortgage was 6.74% this week, down from last week when it was 6.75%, according to Freddie Mac. A year ago, the rate was 6.78%. The rate for a 15-year fixed-rate mortgage was 5.87%, down from last week when it was 5.92%. A year ago, the rate was 6.07%
ABA DataBank: Continued weakness in May housing starts
Continued low construction activity could further reduce demand for construction loans. With building permits coming in only slightly below April’s rate, May’s sharp decline in housing starts could just be a temporary setback.









