Mortgage rates plummet below 4% again – Freddie Mac

For the first time since January 2018, the 30-year fixed-rate mortgage rate plummeted below 4%.

The result of Freddie Mac’s Primary Mortgage Market Survey (PMMS) showed that the 30-year FRM went down to an average of 3.99% for the week ending May 30. The week before that, the FRM averaged 4.06%, and 4.56% a year ago.

Meanwhile, the 15-year FRM averaged 3.46%, dropping from 3.51% from the previous week. A year ago at this time, the 15-year FRM was 4.06%.

Lastly, the 5-year Treasury-indexed hybrid adjustable-rate mortgage fell from 3.68% to 3.6% with an average 0.4 point. Last year, the 5-year ARM averaged 3.8%

via Mortgage rates plummet below 4% again – Freddie Mac

[optima_express_toppicks id="923342" sortBy="pa" displayType="grid" resultsPerPage="20" header="true" includeMap="true"]

Recent Posts: Gwen Sells Metro DC

Temporarily Renting a Home

IRS has provisions for homeowners regarding the sale of a principal residence that allows for temporarily renting the home without losing the ability to exclude the gain if the home is sold under the correct conditions. The rules for the exclusion of gain on the sale of a principal residence are: Up to $250,000 of […]

Time to Buy Again

For people who have experienced a distressed sale of a home and gotten their finances and credit back in shape, there can still be an unanswered question of “How long do we have to wait to qualify for another mortgage.” The loan types for the new loan will differ in amounts of time based on […]

Tech to Find the Right Home

According to the 2018 Profile of Buyers and Sellers, 52% of buyers want help to find the right home to purchase. Physically locating the home is certainly part of what buyers want from their agent but finding the right home at the right price and terms is also crucial. 87% of buyers purchased their home […]

Comfort Systems

Heating and air-conditioning are frequently referred to as the “comfort systems.” If one has gone out in the dead of winter or the heat of summer, lack of comfort becomes a primary concern. Regular maintenance with a HVAC checklist is something that homeowners can do themselves to ensure that the units operate properly. Periodically Change […]

Advertisements