John Marbury.com

Freddie Mac Rate 5.25% 5/19/2022

Freddie Mac Rate 5.25% 5/19/2022

Mortgage Rates Decrease Slightly

May 19, 2022

Economic uncertainty is causing mortgage rate volatility. As a result, purchase demand is waning, and homebuilder sentiment has dropped to the lowest level in nearly two years. Builders are also dealing with rising costs, meaning this posture is likely to continue.

 

Primary Mortgage Market Survey®

U.S. weekly averages as of 05/19/2022
30-Yr FRM
5.25%
0.05 1-Wk
2.25 1-Yr
0.9 Fees/Points
15-Yr FRM
4.43%
0.05 1-Wk
2.14 1-Yr
0.9 Fees/Points
5/1-Yr ARM
4.08%
0.10 1-Wk
1.49 1-Yr
0.2 Fees/Points
Zoom
05/19/2021 - 05/19/2022
30Y FRM15Y FRM5/1 ARMRecessions7. Jun2. Aug27. Sep22. Nov17. Jan14. Mar9. May1970198019902000201020205.00%1.00%2.00%3.00%4.00%6.00%
Week ending Thursday, May 12, 2022
30Y FRM: 5.30%
15Y FRM: 4.48%
5/1 ARM: 3.98%

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.


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