Mortgage Rates Hold Near 2016 Lows

23 May 2016

Mortgage Rates Hold Near 2016 Lows

Freddie Mac

23 May 2016

Freddie Mac recently released the results of its Primary Mortgage Market Survey®, showing average fixed mortgage rates holding near 2016 lows.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.58 percent with an average 0.6 point for the week ending May 19, 2016, up from last week when it averaged 3.57 percent. A year ago at this time, the 30-year FRM averaged 3.84 percent.
  • 15-year FRM this week averaged 2.81 percent with an average 0.5 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.05 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.80 percent this week with an average 0.5 point, up from last week when it averaged 2.78 percent. A year ago, the 5-year ARM averaged 2.88 percent.