• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Realty Solutions Group

Service Beyond Expectations

SearchClose

Mortgage Rates Wednesday, May 31: Holding at Half Their Historical Average

Mortgage rates for 30-year fixed loans held firm yet again, while 15-year fixed loans slipped lower and 5/1 ARMs were unchanged, according to a NerdWallet survey of mortgage rates published by national lenders Wednesday morning.

Yesterday’s economic reports were essentially a non-event. The news was mixed: a little good, a little not-so-good, but all in all pretty much as expected. It was only enough to nudge 15-year fixed loans down a fraction. Friday’s U.S. employment report is the next scheduled gauge of the domestic economy of major significance.

For homeowners, no news is good news. Mortgage rates continue to drift sideways, holding on to 2017 lows. Thirty-year fixed mortgage rates near 4% — even lower at some lenders — are just about as good as they get. That’s half their 44-year historical average of 8%.

Interest rates on home loans are not the problem for home buyers these days. In many parts of the country, a continued lack of home inventory remains the barrier to homeownership.

MORTGAGE RATES TODAY, WEDNESDAY, MAY 31:

(Change from 5/30)
30-year fixed: 4.08% APR (NC)
15-year fixed: 3.45% APR (-0.02)
5/1 ARM: 3.81% APR (NC)

Get personalized mortgage rates

» MORE: How much home can you afford?

Homeowners looking to lower their mortgage rate can shop for refinance lenders here.

NerdWallet daily mortgage rates are an average of the published annual percentage rate with the lowest points for each loan term offered by a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.

More from NerdWallet
Best lenders for FHA loans
Get a mortgage preapproval
Find a mortgage broker

Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: [email protected]. Twitter: @halmbundrick.

Get Daily Mortgage Rate Updates

Don’t miss a rate change that could cost you hundreds each year.
We’ll email you each morning with the latest mortgage news.

  • Should be Empty:

The article Mortgage Rates Wednesday, May 31: Holding at Half Their Historical Average originally appeared on NerdWallet.

Realty Solutions Group was built around a simple but elusive concept: provide brokers and clients with the highest level of service in the industry through cutting-edge sales, marketing programs and a culture that values innovation, relationships and a strong local focus.

In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.

As a locally-owned, independent company, Realty Solutions Group is deeply committed to supporting the communities and clients we serve. We are constantly evolving, but remain focused on that one simple idea behind our founding.

We are a full service brokerage with discounted commissions. We offer no long term listing contracts, a Performance Guarantee, Smart Seller Program and a Communication Guarantee. Contact us today and let us provide you with the very best real estate experience.

Powered by WPeMatico

Table of Contents

    • MORTGAGE RATES TODAY, WEDNESDAY, MAY 31:
  • Get Daily Mortgage Rate Updates

Post navigation

« The #1 Reason To List Your House NOW!
Mortgage Rates Thursday, June 1: Jobs Reports Could Move Rates »
Search for:

Recent Posts

  • Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC] May 27, 2022
  • Why Summer Is a Great Time To Buy a Vacation Home May 26, 2022
  • How Buying or Selling a Home Benefits the Economy and Your Community May 25, 2022
  • Sellers Have an Opportunity with Today’s Home Prices May 24, 2022
  • Sellers Have an Opportunity as Home Prices Re-Accelerate May 24, 2022

Recent Comments

    Archives

    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • February 2016
    • 0

    Categories

    • Baby Boomers
    • Buying Myths
    • Demographics
    • Distressed Properties
    • Down Payments
    • First Time Home Buyers
    • For Buyers
    • For Sellers
    • Foreclosures
    • FSBOs
    • Gen Z
    • Generation X
    • Holidays
    • Housing Market Updates
    • Infographics
    • Interest Rates
    • Luxury Market
    • Millennials
    • Move-Up Buyers
    • New Construction
    • Pricing
    • Rent vs. Buy
    • Selling Myths
    • Senior Market
    • Short Sales
    • Time-sensitive
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Search for:

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Go to mobile version