Today's Mortgage and Refinance Rates: May 5, 2021
Today's mortgage and refinance rates: May 5, 2021 | Rates decrease Most mortgage and refinance rates have gone down since last Wednesday. This decrease comes after a week of most rates increasing. All rates are lower than this time last month, and rates are at historic lows overall. Mortgage rates should remain low for a while, so you don't need to hurry to buy to take advantage of low rates if you aren't ready. But if you know you want to buy soon, you should probably start the process of applying for preapproval and locking in a rate. According to a study by Redfin, over half of homes in...