Mortgage Rates Fall




Sam Khater, Freddie Mac’s chief economist said, “Investors wary of the current economic situation due to ongoing trade disputes resorted to the bond market, causing the 10-year treasury yield to decrease. A combination of low mortgage rates, a strong job market and modest wage growth should spur home buyer interest and also serve as an incentive for homeowners looking to refinance this spring.”
  • 30-year fixed-rate mortgage (FRM) averaged 4.10% with an average 0.5 point for the week ending May 9, 2019, down from last week when it averaged 4.14%. A year ago at this time, the 30-year FRM averaged 4.55%.
  • 15-year FRM this week averaged 3.57% with an average 0.4 point, down from last week when it averaged 3.60%. A year ago at this time, the 15-year FRM averaged 4.01%.

Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

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