Weekly Mortgage Watch – May 09, 2019

May 09, 2019 Weekly Mortgage Watch
  • Interest Rate change for Residential Mortgage Rates
 
  • 30 Year Mortgage Rate decreased to 4.10% compared to 4.14% last week. The 30 year rock bottom rate touched in last 10 years is 3.42%
  • 15 Year Mortgage Rate decreased to 3.57% compared to 3.60% last week. The 15 year rock bottom rate touched in last 10 years is 2.61%
  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.63% compared to 3.68% last week. The 15 year rock bottom rate touched in last 10 years is 2.58%
  • Rates are still low. Purchase or Refinance before rates move up further.
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