Mortgage Rates 05-31-2019 Lender411

By Joy Green Updated on 5/31/2019

Mortgage rates are now under 4%; but for a mixture of reasons and not always a true 3.99%. Some news reports being publishing this week, claim rates are now under 4.00%; the best since beginning of 2018. However, it may be a bit more difficult to find lenders offering a true 3.875% rate.  The fact of the matter is a mortgage rates at 4.125% is more realistic right now than 3.95 percent, or lower, at this stage. There will need to be a longer time period of consistent strength in the bond market before we see a real return to high three percent mortgage rates. 

 

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• 30-year (FRM) rates at 4.01% (-0.01%)

• 15-year (FRM) rates at 3.86% (-0.01%)

• FHA 30-year Fixed rates at 4.00% (0.00%)

• Jumbo 30-year Fixed rates at 3.97% (-0.01%)

• 5/1 ARM rates at 4.00% (+0.01%)