Weekly Mortgage Watch – May 11 2017

May 11 2017 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates
  • 30 Year Mortgage Rate increased to 4.05% compared to 4.02% last week. The 30 year rock bottom rate touched in last 10 years is 3.42%
  • 15 Year Mortgage Rate increased to 3.29% compared to 3.27% last week. The 15 year rock bottom rate touched in last 10 years is 2.61%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.14% compared to 3.13% last week. The 5 year rock bottom rate touched in last 10 years is 2.58%
  • Rates are are still low. Purchase or Refinance before rates move up further

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