Mortgage Rates Drop Slightly

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Mortgage Rates Drop Slightly 10:01 am ET May 9, 2019 (Globe Newswire) Print Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that mortgage rates moderated after rising in April.

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.

Mortgage rates fell only slightly last week, accoding to a weekly survey release Thursday morning by Freddie Mac [stock FRE][/stock]. The average rate fo a 30-year fixed-rate mortgage fell 4 basis.

Compare mortgage rates from multiple lenders in one place. It’s fast, free, and anonymous.

Mortgage rates are closely related to yields on long-term government bonds. At the current average 30-year fixed mortgage rate of 3.62 percent, the monthly payment for a $200,000 loan is $911.54.

Mortgage rates were just slightly lower on average today with some lenders flat. Those who repriced were able to drop rates back in line with yesterday morning’s rates today. Those who didn’t.

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Mortgage rates were unchanged to slightly higher today–a claim that utterly boggles the mind of anyone who thought they understood the relationship between bond markets and the mortgage world. ALMOST.

Mortgage rates are closely related to yields on long-term government bonds. At the current average 30-year fixed mortgage rate of 3.62 percent, the monthly payment for a $200,000 loan is $911.54.. Mortgage rates dipped slightly to a nearly three-year low because of concern about a potential global economic slowdown and some weak.

The 30-year fixed mortgage averaged 4.07 percent for the week ending May 16, down from 4.10 percent the previous week.

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Mortgage rates fell slightly this week, according to Freddie Mac’s latest Primary Mortgage Market survey. "This stability is much needed for home sales, which have crested because of the multi.

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