Comment on Mortgage Rates Monday, May 15: Near Mid-November Levels

Interest rates for 30-year and 15-year fixed home loans fell, while 5/1 ARM rates were unchanged today, according to a NerdWallet survey of current mortgage rates published by national lenders Monday morning. Given the sudden rise in interest rates after the November presidential election, followed by two hikes in short-term interest rates by the Federal Reserve, many analysts expected...