NEW YORK (Reuters) - U.S. mortgage rates held steady in line with Treasury yields following a weaker-than-forecast figure on first-quarter U.S. economic growth and amid expectations the Federal Reserve would leave rates unchanged this week, according to mortgage finance agency Freddie Mac (PK:FMCC) on Thursday.
The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 4.02 percent in the week ended May 4, compared with previous week's 4.03 percent, it said.