Mortgage rates stay stable this week

30-year fixed-rate mortgage averages 3.18% for the week ending June 4, 2020, up from 3.15% in the previous week and 3.82% a year ago.

“While the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the summer as prospective buyers jump back into the market. Low mortgage rates are a key factor in this recovery,” said Freddie Chief Economist Sam Khater.

15-year FRM averages 2.62%, unchanged from the previous week, and down from 3.28% at this time last year.

5-year Treasury-indexed hybrid adjustable-rate mortgage averages 3.10%, down from 3.13% in the previous week and 3.52% a year ago.