Learn more Mortgage rates are slightly down this week, with the average 30-year fixed-rate loan at 6.76%, according to Freddie Mac data on May 1. “Mortgage rates again declined this week,” said Freddie Mac Chief Economist Sam Khater in a statement.

The average rate on a 30-year mortgage in the U.S. eased again this week, modest relief for prospective home shoppers during what’s traditionally the busiest time of the year for the housing market.

Mortgage rates had a nice little run, moving down from last Monday's highs of 6.98% (average, top tier 30yr fixed) to a mid-week low just over 6.80%.  Even after yesterday's modest bounce, we were still in stronger territory for the week.