Weekly Mortgage Watch – May 05 2016

Weekly Mortgage Watch - May 05 2016

May 05 2016 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates
  • 30 Year Mortgage Rate for May 5th 2016 decreased to 3.61% compared to 3.66% last week. The 30 year rock bottom rate touched in last 10 years is 3.35%
  • 15 Year Mortgage Rate for May 5th 2016 decreased to 2.86% compared to 2.89% last week. The 15 year rock bottom rate touched in last 10 years is 2.56%
  • 5/1 Adjustable Rate Mortgage Rate for May 5th 2016 decreased to 2.80% compared to 2.86% last week.The 5 year rock bottom rate touched in last 10 years is 2.56%
  • Rates are still close to their lowest levels reached in last 10 years

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