30-Year Rate Inches Down, 5-Year ARMs Hit a 12-Year High

May 26, 2022 |

Having hit 5.30 percent two weeks ago, representing a 670-week high, the average rate for a conforming 30-year mortgage has since ticked down 20 basis points (0.2 percentage points) to 5.10 percent. That being said, the current 30-year rate is still 215 basis points or over 70 percent higher than at the same time last […more]

Posted in: San Francisco

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