Mortgage rates dropped to 18 month lows last week

The May 30, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.99%, down from 4.06% last week. The 15-year fixed was 3.46%, down from 3.51% last week. The 5-year ARM was 3.60%, down from 3.66% last week. Rates were even lower on Friday. Expect next weeks survey rates to be close to 3.80% on a 30 year fixed!

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