10 year treasury yields drifted lower last week and mortgage rates followed suit. After hitting a 2021 high in April, 30 year fixed rates have dropped back down to where they were at the beginning of the year averaging 2.77%. The star of the week is the 15 year fixed rate mortgage which is averaging a historic low of 2.1%.
These are Freddie Mac averages for the week. Please talk to your mortgage banker about all rate options, fees and points. Of course, its not all about the rate. Make sure your mortgage banker can get the deal closed, especially if your home purchase depends on it.