As of May 31st, 2007, the current average mortgage rates according to Freddie Mac's Weekly Primary Mortgage Market Survey are as follows:
30-yr Fixed Rate Mortgage: 6.42% with fees & points averaging at 0.4
15-yr Fixed Rate Mortgage 6.12% with fees & points averaging at 0.4
5/1-yr Adjustable Rate Mortgage 6.19% with fees & points averaging at 0.5
1-yr Adjustable Rate Mortgage 5.57% with fees & points averaging at 0.6
With the exception of the 1-yr ARM, mortgage rates are up this week from last. All rates, however, are down from last year at the same time.
If you are in the market to purchase a home, please contact
The Vanderhoff Team today. We can assist you with your real estate questions and set you up with a custom property search to help you find the home that fits your needs. Rates are low, and the market has a high inventory of homes available. It's a great time to buy your next home! Contact us today at 770-888-9269 or
info@vanderhoffteam.com to get started.