Weekly Mortgage Watch – May 31, 2018

May 31 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate decreased to 4.56% compared to 4.66% last week. The 30 year rock bottom rate touched in last 10 years is 3.75%
  • 15 Year Mortgage Rate decreased to 4.06% compared to 4.15% last week. The 15 year rock bottom rate touched in last 10 years is 2.97%
  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.80% compared to 3.87% last week. The 5 year rock bottom rate touched in last 10 years is 2.66%
  • Rates are still low. Purchase or Refinance before rates move up further

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