June 6, 2019
|30-Yr FRM||15-Yr FRM||5/1-Yr ARM|
|Average Rates||3.82 %||3.28 %||3.52 %|
|Fees & Points||0.5||0.5||0.4|
The 30-year fixed-rate mortgage averaged 3.82% in the May 30 week, down from 3.99%, Freddie Mac said Thursday. It was the lowest level since September 2017 for the popular product, and its sixth-straight weekly decline.
Rates for home loans slid as investors snatched up bonds in the wake of an intensifying global trade war.