WASHINGTON, May 12 (UPI) -- Long-term mortgage rates fell in the week ending May 12 due to a "mixed" employment situation report, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
Average interest rates for 15-year and 30-year mortgages both dropped in the week ending Thursday with 15-year, fixed-rate loans slipping from 3.89 percent to 3.82 percent with 0.7 points. Average rates for 30-year mortgages dipped from 4.71 percent to 4.63 percent with 0.7 points, Freddie Mac said.