New survey shows mortgage rates declining

Wondering about the mortgage rates? Heard that they’re going up? Worried about buying right now because rates are high? You might be surprised then to hear that the mortgage rates are actually declining according to this recent survey by Freddie Mac.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.14 percent with an average 0.5 point for the week ending May 2, 2019, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 4.55 percent.
  • 15-year FRM this week averaged 3.60 percent with an average 0.4 point, down from last week when it averaged 3.64 percent. A year ago at this time, the 15-year FRM averaged 4.03 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.68 percent with an average 0.4 point, down from last week when it averaged 3.77 percent. A year ago at this time, the 5-year ARM averaged 3.69 percent.

Call me @ 408-465-9290 if you’ve got questions about how you can get into the home of your dreams.

Posted on May 13, 2019 at 9:23 am
Desiree Stanley | Category: Real Estate | Tagged , , , , , , , , , , ,