MORTGAGE RATES HOLD IN RANGE
Freddie Mac's (OTCQB: FMCC) Primary Mortgage Market Survey®, out Thursday, reports that fixed-rate mortgages held mostly steady over the past week.
30-year fixed-rate mortgage (FRM) averaged 4.06% with an average 0.5 point for the week ending May 23, 2019, down from last week when it averaged 4.07%. A year ago at this time, the 30-year FRM averaged 4.66%.
15-year FRM this week averaged 3.51% with an average 0.4 point, down from last week when it averaged 3.53%. A year ago at this time, the 15-year FRM averaged 4.15%.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.68% with an average 0.4 point, up from last week when it averaged 3.66%. A year ago at this time, the 5-year ARM averaged 3.87%.