Fixed mortgage rates continue to seesaw

|By:, SA News Editor

The average rate for a 30-year fixed-rate mortgage fell to 4.29% in the week ending May 1 from 4.33%, according to Freddie Mac's latest survey.

The average rate for the 15-year fixed ticked lower to 3.38% from 3.39% in the prior week.

A year ago, the 30-year and 15-year fixed rates averaged 3.35% and 2.56%, respectively.