Mortgage rates slump to 2-year low

Posted by Courtney King on Thursday, June 6th, 2019 at 9:47pm

Weekly Data

June 6, 2019

 30-Yr FRM15-Yr FRM5/1-Yr ARM
Average Rates 3.82 % 3.28 % 3.52 %
Fees & Points 0.5 0.5 0.4
Margin N/A N/A 2.75

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.

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