Weekly Mortgage Watch – May 18 2017

May 18 2017 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates
  • 30 Year Mortgage Rate decreased to 4.02% compared to 4.05% last week. The 30 year rock bottom rate touched in last 10 years is 3.51%
  • 15 Year Mortgage Rate decreased to 3.27% compared to 3.29% last week. The 15 year rock bottom rate touched in last 10 years is 2.69%
  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.13% compared to 3.14% last week. The 5 year rock bottom rate touched in last 10 years is 2.62%
  • Rates are are still low. Purchase or Refinance before rates move up further

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