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Economic Report: Mortgage rates slump for the third straight week as big questions dog the housing market

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Rates for home loans fell along with the broader bond market even as the transformation of the real-estate industry quickened pace.

The 30-year fixed-rate mortgage averaged 4.10% in the May 9 week, Freddie Mac said Thursday. That was down 4 basis points during the week.

The 15-year fixed-rate mortgage averaged 3.57%, down from 3.60%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, down 5 basis points.

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