Weekly Mortgage Watch – 05-19-15

Weekly Mortgage Watch - 05-19-15

  • 30-year fixed-rate mortgage rate has been inching up for last 4 weeks.Rate stands at 3.85% this week. The 30 year rock bottom rate touched in last 10 years  is 3.42%
  • 15 Year Mortgage Rate has also been inching up for last 4 weeks.Rate stands at 3.07% this week. The 15 year rock bottom rate touched in last 10 years  is 2.61%
  • 5/1 Adjustable Rate Mortgage Rate is at 2.89%, compared to 2.90% last week. The 5 year rock bottom Rate touched in last 10 years  is 2.58%
  • Mortgage rates have been volatile in the past couple of weeks and it doesn’t look like this trend will change anytime soon.

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