US mortgage rates fall for 4th week; 30-year dips to 2.94%

"Sold" signs are seen on a lot as new home construction continues in a new development in Northbrook, Ill., Sunday, March 21, 2021. On Thursday, May 13, 2021, Freddie Mac reported that mortgage rates declined during the week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy’s recovery from the pandemic recession. (AP Photo/Nam Y. Huh)