US Mortgage Rates Climb in the Week Ending May 21
Original Source:
Mortgage Rates Average 6.51%
Mortgage Rates Average 6.51%
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, May 21.
The 30-year fixed-rate mortgage averaged 6.51%, up from 6.36% the previous week. A year ago at this time, the 30-year rate averaged 6.86%.
The 15-year fixed-rate mortgage averaged 5.85%, up from 5.71% last week. A year ago at this time, the 15-year rate averaged 6.01%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage averaged 6.51% this week. As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially save thousands.”
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.