Mortgage Rates Drop Five Weeks in a Row!!

According to mortgage buyer Freddie Mac 30 year fixed-rate mortgage rates averaged below 4% for the first time since January 2018.

  • 30-year fixed-rate mortgage (FRM) averaged 3.99 percent with an average 0.5 point for the week ending May 30, 2019, down from last week when it averaged 4.06 percent. A year ago at this time, the 30-year FRM averaged 4.56 percent.
  • 15-year FRM averaged 3.46 percent with an average 0.5 point, down from last week when it averaged 3.51 percent. A year ago at this time, the 15-year FRM averaged 4.06 percent.

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