U.S. 30-year mortgage rates fall from 7-year peak: Freddie Mac

NEW YORK (Reuters) – Interest rates on U.S. 30-year fixed-rate mortgages declined from seven-year highs as Treasury yields have fallen because of concerns about a global trade war and anxiety about the political turmoil in Italy and Spain, Freddie Mac said on Thursday.

FILE PHOTO: A ‘House For Sale’ sign is seen outside a single family house in Uniondale, New York, U.S., May 23, 2016. REUTERS/Shannon Stapleton/File Photo

Thirty-year mortgage rates averaged 4.56 percent in the week ended May 31, down from the prior week’s 4.66 percent which was the highest level since the week of May 5, 2011, the U.S. mortgage finance agency said.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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