Mortgage rates again failed to break the 5 percent rate for the second consecutive week—a far cry from April’s record low rates. Rates remain steady as mixed news from the US economy has analyst guessing next market movements.

CD rates this week continue to disappoint with more banks lowering their rates across all CD terms. As a result, weekly CD rate averages went down a few more basis points, with only the 36-month and 48-month CDs, hanging on to last week's average.