According to Freddie Mac's latest Primary Mortgage Market Survey, average fixed U.S. mortgage rates holding near their 2016 lows.
Sean Becketti, chief economist of Freddie Mac reports, "The 10-year Treasury yield saw minimal movement over the past week, despite encouraging news from April's consumer spending and CPI data. Accordingly, the 30-year mortgage rate moved up just 1 basis point from its 2016 low to 3.58 percent. Although there was minimal change in rates this week, the hawkish tone of Wednesday's Fed minutes release had an immediate impact on Treasury yields, and could possibly shake up next week's survey results."

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