Turmoil in the stock and bond markets due to the escalating trade dispute between the U.S. and China pushed down interest rates for home loans.
The 30-year fixed-rate mortgage slipped 1 basis point and averaged 4.06% during the May 23 week, matching its low for 2019, per Freddie Mac. The 15-year fixed rate mortgage averaged 3.51%, down from the previous week’s 3.53%.
