Weekly Mortgage Watch – May 12 2016

Weekly Mortgage Watch - May 12 2016 (1)

May 12 2016 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates
  • 30 Year Mortgage Rate on May 12th 2016 decreased to 3.57% compared to 3.61% last week. The 30 year rock bottom rate touched in last 10 years is 3.42%
  • 15 Year Mortgage Rate on May 12th 2016 decreased to 2.81% compared to 2.86% last week. The 15 year rock bottomm rate touched in last 10 years  is 2.61%
  • 5/1 Adjustable Rate Mortgage Rate on May 12th 2016 decreased to 2.78%, compared to 2.80% last week. The 5 year rock bottom rate touched in last 10 years is 2.58%
  • Rates are still close to their lowest levels reached in last 10 years

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