Mortgage Rates Lowest Level Since 2013

According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage was 3.57 percent this week.  It is down from 3.61 percent last week and 3.85 percent a year ago.

Freddie Mac surveys lenders each week on the rates, fees and points for the most popular mortgage products.  Below is the average mortgage rates as of May 12, 2016.

30-Year Fixed Rate Mortgage

15-Year Fixed Rate Mortgage

5/1-Year Adjustable Rate Mortgage

3.57%

2.81%

2.78%

0.5 Fees/Points

0.5 Fees/Points

0.5 Fees/Points

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