The 30-Year fixed rate mortgage averaged 2.9 per cent for the week. That's according to the results of this week's Freddie Mac Primary Mortgage Market Survey.
The good news on low mortgage rates continues for homebuyers and also homeowners seeking to refinance.
•30-year fixed-rate mortgage averaged 2.95 percent with an average 0.7 point for the week ending May 27, 2021, down from last week when it averaged 3.00 percent. A year ago at this time, the 30-year FRM averaged 3.15 percent.
•15-year fixed-rate mortgage averaged 2.27 percent with an average 0.6 point, down from last week when it averaged 2.29 percent. A year ago at this time, the 15-year FRM averaged 2.62 percent.
•5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.59 percent with an average 0.2 point, unchanged from last week. A year ago at this time, the 5-year ARM averaged 3.13 percent.