WASHINGTON, May 2 (UPI) -- U.S. mortgage rates hovered close to or hit record lows in the latest week, the Federal Home Loan Mortgage Corp. said Thursday.
Rates slid for the fifth consecutive week with 15-year fixed rate loans hitting a record low for the second consecutive week, reaching 2.56 percent with 0.7 point, down from 2.61 percent, Freddie Mac said.