Treasury Bond yields higher this week – The 10 year treasury bond closed the week yielding 2.95% almost unchanged from 2.96% last week.The 30-year treasury bond yield ended the week at 3.12%, slightly down from 3.14% last week.
Mortgage Rates slightly lower this week – The May 3, 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.55%, down slightly from last week’s 4.58%. The 15 year fixed was 4.03%, almost unchanged from 4.02% last week. The 5-year ARM was 3.69%, down from 3.74% last week. Rates were slightly lower in Friday so next week’s rates could be slightly lower.