Spring blooms with lower mortgage rates

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

April showers are said to bring May flowers, but this spring season, they are also bringing lower mortgage rates, Freddie Mac said this week. According to the government sponsored enterprise’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.65 percent this week, down from last week when it averaged 3.67 percent. A year ago at this time, the 30-year FRM averaged 4.33 percent.