On Thursday, June 6, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rick Bowmer. although it was slightly lower than an initial estimate of 3.6% made a month ago. Labor.
But at the entry level, where supplies are scarce, low rates mean even heavier competition. The average rate for a 30-year mortgage dropped for a fifth straight week to 3.99 percent, the lowest since.
· 5-year treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.84 percent with an average 0.3 point, unchanged from last week. A year ago at this time, the 5-year ARM averaged 3.68 percent. A year ago at this time, the 5-year ARM averaged 3.68 percent.