The average rate on the 30-year fixed rate mortgage moved upward week after week throughout April and are likely to stay above 7% in May.
Financial advisor talking to a Latin American couple about their real estate investments
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May mortgage rate forecastMortgage rates will probably remain above 7% in May as inflation resists the Federal Reserve's efforts to bring it under control. It left rates unchanged at the conclusion of its April 30-May 1 meeting, and seemed as frustrated by inflation and high interest rates as home buyers are. The Fed is trying...