Weekly Mortgage Watch – May 04 2017

May 04 2017 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates
  • 30 Year Mortgage Rate decreased to 4.02% compared to 4.03% last week. The 30 year rock bottom rate touched in last 10 years is 3.35%
  • 15 Year Mortgage Rate remain at 3.27%. The 15 year rock bottom rate touched in last 10 years is 2.56%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.13% compared to 3.12% last week. The 5 year rock bottom rate touched in last 10 years is 2.56%
  • Rates are are still low. Purchase or Refinance before rates move up further

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