Weekly Mortgage Watch – May 17, 2018

May 17 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate increased to 4.61% compared to 4.55% last week. The 30 year rock bottom rate touched in last 10 years is 3.51%
  • 15 Year Mortgage Rate increased to 4.08% compared to 4.01% last week. The 15 year rock bottom rate touched in last 10 years is 2.69%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.82% compared to 3.77% last week. The 5 year rock bottom rate touched in last 10 years is 2.62%
  • Rates are still low. Purchase or Refinance before rates move up further

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