Rates were generally slightly down, if not static, for the week ending May 28. Per CNET, the average 15-year fixed stayed the same, while average 30-year fixed mortgage rates and the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, saw rates trending downward.
The 30-year fixed-mortgage rate average is 3.08 percent, which is a decrease of one basis point from one week ago. The average rate for a 15-year, fixed mortgage is 2.37 percent, static from the same time last week. A 5/1 adjustable-rate mortgage has an average rate of 3.10 percent, a decrease of one basis point.
On the refi front, the average 30-year fixed refinance rate is 3.13 percent, a decrease of two basis points from last week. Also down two points is the average 15-year fixed refinance rate, now at 2.42 percent. The average 10-year fixed refi is 2.43 percent, a decrease of one basis points over last week.