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Mortgage Rates Drop Below Three Percent

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of May 27, 2021. MCLEAN, Va., May 27, 2021 (GLOBE NEWSWIRE) Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.95 percent. “Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow,” said Sam Khater, Freddie Mac’s Chief Economist. “In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Substantial opportunity continues to exist today, as nearly $2 trillion in conforming mortgages have the ability to refinance and reduce their interest rate by at least half a percentage point.” News Facts 30-year fixed-rate mortgage averaged 2.95 percent with an average 0.7 point for the week ending May 27, 2021, down from la ....

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Mortgage Rates Continue to Increase

Mortgage Rates Continue to Increase
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