Daily market update: May 18, 2017

By May 18, 2017 Inman No Comments

We’ll add more market news briefs throughout the day. Check back to read the latest.

News from this week

Tuesday May 16

Zillow Mortgage Rate Ticker

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.80 percent, down four basis points from this time last week. The 30-year fixed mortgage rate inched higher last week before falling near current levels on Friday.

“Mortgage rates climbed to their highest levels since late March before dropping on the heels of weak inflation and retail sales data, which could push the Fed to delay expected rate hikes in the months ahead,” sai...

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