Weekly Mortgage Watch – June 02 2015

Weekly Mortgage Watch - June 02 2015

  • 30-year fixed-rate mortgage rate rose to 3.87% this week compared to 3.84% last week. The 30 year rock bottom rate touched in the last 10 years  is 3.59%
  • 15 Year Mortgage Rate rose to 3.11% this week compared to 3.05% last week. The 15 year rock bottom rate touched in the last 10 years  is 2.77%
  • 5/1 Adjustable Rate Mortgage Rate is at 2.90%, compared to 2.88% last week. The 5 year rock bottom Rate touched in the last 10 years  is 2.63%
  • The average fixed mortgage rate moved higher amid positive housing data news pushing fixed mortgage rates to their highest level of the year.

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