Your Mortgage Rate Update 5.15.23

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Today's “Average” Mortgage Rates
30yr fx Conv- 6.67%
15yr fx - 6.04%
30yr G’vmt (FHA & VA) - 6.35%
30yr Jumbo - 6.38%
*Source: MBS live. Click link for more rate info & commentary: https://housingbrief.com/mortgage-rates/6202a8a8da4c369286c9e47e
**Reminder - these are national average rates and may come with discount points.
Click here to get Pre-approved: http://www.AaronPageTeam.com. APPLY NOW LINK: https://bp.nfmlending.com/apply/apage.
"The point of all this consolidation observation is simply to convey that the market is at a crossroads--albeit with a very long stop light--that will inform the next big move for rates and the housing market.
If inflation moves lower out of its consolidation pattern, rates would almost certainly do the same, thus allowing homeowners some breathing room to shop for new homes without worrying about sacrificing their ultra-low existing rate."
Aaron Page
Branch Manager
NFM Lending
Phone (text or call): 512-924-3138
pageteam@nfmlending.com / http://www.AaronPageTeam.com
Schedule a mortgage discovery call: http://www.calendly.com/thepageteam/initial-discovery-call

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