Separate data by Mortgage News Daily said that the 30-year fixed-rate mortgage was averaging at 7.09% as of Thursday afternoon. The Mortgage Bankers Association’s survey noted that the 30-year was at 7.01% as of May 17.

Mortgage rates declined for the third consecutive week in a shred of good news for Americans dealing with a still-tough housing market.

Doing this will usually lock you in at the going rate for 60-90 days. So if rates happen to rise during that window, having a pre-approval will ensure you still get the lower rate that was available when you initially applied. Just keep in mind you'll need to find and go under contract on a home before that pre-approval expires.

The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties.

Mortgage rates are back down below 7% this week. A 30-year fixed-rate mortgage averaged 6.94%, Freddie Mac reported. Rates for 30-year mortgages averaged 7.02% last week.

Mortgage rates fell for the third week in a row, boosting refinancing activity. The 30-year mortgage rate fell to the lowest level in seven weeks. The drop in rates caused the market composite index — a measure of mortgage-application volume — to increase last week,

Just in time for the peak of the spring homebuying season, mortgage rates are back below 7%, making homes slightly more affordable.For the third straig

The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid-April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties.

Mortgage rates fell for the third week in a row, pushing the 30-year rate below 7% for the first time in over a month. The 30-year rate was last below 7% in mid-April. The 30-year fixed-rate mortgage averaged 6.