Weekly Mortgage Watch – August 16, 2018

August 16, 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate decreased to 4.53% compared to 4.59% last week. The 30 year rock bottom rate touched in last 10 years is 3.62%
  • 15 Year Mortgage Rate decreased to 4.01% compared to 4.05% last last week. The 15 year rock bottom rate touched in last 10 years is 2.88%
  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.87% conpared to 3.90% last week. The 5 year rock bottom rate touched in last 10 years is 2.76%
  • Rates are still low. Purchase or Refinance before rates move up further

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