Mortgage Rates Tick Up on Fed News

29 May 2016

Mortgage Rates Tick Up on Fed News

Freddie Mac

29 May 2016

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

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.64 percent with an average 0.5 point for the week ending May 26, 2016, up from last week when it averaged 3.58 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent.
  • 15-year FRM this week averaged 2.89 percent with an average 0.5 point, up from last week when it averaged 2.81 percent. A year ago at this time, the 15-year FRM averaged 3.11 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.87 percent this week with an average 0.5 point, up from last week when it averaged 2.80 percent. A year ago, the 5-year ARM averaged 2.90 percent.