Rates on 30-year fixed-rate mortgages averaged 3.51 percent with an average point of 0.7 percent for the week ending May 16, up from 3.42 percent last week but down from 3.79 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.
Rates on 15-year fixed-rate mortgages, five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans and one-year Treasury-indexed ARMs also increased. Source: Freddie Mac
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