(Pablo Martinez Monsivais/AP)Mortgage rates sank to their lowest levels of the year this week but remain well above where they were six months ago. It was 4.02 percent a week ago and 3.64 percent a year ago. It was 3.27 percent a week ago and 2.89 percent a year ago. [HUD secretary hints that housing agency may ease terms for condo mortgages]Last week’s sharp drop in Treasury yields sent mortgage rates to their lowest levels since mid-November. Because the movement of long-term bond yields tends to be one of the best indicators of where mortgage rates are headed, home loan rates also ebbed.

Source: Washington Post May 25, 2017 13:52 UTC