Mortgage Rates Decline Again: 30 Year Mortgage Rates at 5.07%

Mortgage rates declined again this week over last, continuing the down trend of the past several weeks. Fixed conforming 30 year mortgage rates are currently averaging 5.07 percent this week, a decrease from the previous week’s average 30 year mortgage rate of 5.14. Low mortgage rates and The First Time Home-Buyer Tax Credit propelled new home sales up 27 percent in March according to the Commerce Department.