Weekly Mortgage Watch – May 16, 2019

May 16, 2019 Weekly Mortgage Watch
  • Interest Rate change for Residential Mortgage Rates
 
  • 30 Year Mortgage Rate decreased to 4.07% compared to 4.10% last week. The 30 year rock bottom rate touched in last 10 years is 3.51%
  • 15 Year Mortgage Rate decreased to 3.53% compared to 3.57% last week. The 15 year rock bottom rate touched in last 10 years is 2.69%
  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.66% compared to 3.63% last week. The 15 year rock bottom rate touched in last 10 years is 2.62%
  • Rates are still low. Purchase or Refinance before rates move up further.
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