Mortgage rates have decreased for the second consecutive week, with small improvements seen in refinance rates and mortgage interest rates on May 20, 2024. The dip in rates is attributed to the easing of inflation and a decrease in the 10-year Treasury yield. This decrease, though small, may offer some relief in budgets. Weekly mortgage refinance demand has revived as interest rates hit a 7-week low by May 22, 2024.
Weekly mortgage refinance demand revives as interest rates fall to 7-week low - CNBC https://t.co/ybPUhxYNRc
Weekly mortgage refinance demand revives as interest rates fall to 7-week low https://t.co/DDSz27dHNC
Quote of the week: “Mortgage rates decreased for the second consecutive week. Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower rates. The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of… https://t.co/m0TnhQvYxe
Small Improvements in Mortgage Rates: Mortgage Interest Rates for May 20, 2024 - CNET https://t.co/Httl5t83Yv
Refi Rates Dip Since Last Week: Refinance Rates for May 20, 2024 - CNET https://t.co/TC5hcprKyd