Mortgage Rates Drift Down to One Month Lows

Mortgage rates this week. At the current 15-year fixed rate, you’ll pay $745.21 each month for every $100,000 you borrow, down from $747.23 last week. At the current 5/1 ARM rate, you’ll pay $484.36 each month for every $100,000 you borrow, down from $487.27 last week.

The 30-year fixed-rate mortgage averaged 3.99% in the May 30 week, down from 4.06%, Freddie Mac said Thursday. That marked a.

In the past, home buying activity has gone up when rates have gone down, and vice versa. “There’s a lot of hopefulness that.

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The 30-year mortgage rate dropped below six percent for the first time in two months as Treasury investors became more confident the Fed would keep interest rates at historic lows following last.

For the second time in nine days, RBC has led the banks in dropping fixed rates. This time, all of RBC’s advertised fixed rates are falling 0.10%, effective tomorrow. The other banks should be right behind. RBC’s benchmark posted rate is dropping to 5.49%, the lowest since March. Come June 6, that 5.49% will be the new qualifying rate for insured mortgages less than five years.

This two-month mortgage rate forecast and mortgage market forecast is part of the HSH.com MarketTrends newsletter, published every week by HSH Associates. HSH.com is a leading consumer site for mortgage information.

Mortgage rates continued to retreat as stock market volatility caused investors to seek safety in long-term bonds. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate.

Mortgage rates slide for Monday – The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, ticked up. Load.