Savings window opens: 30- and 20-year mortgage rates fall | May 16, 2022
Added 05-16-22 11:04:02am EST - “Check out the mortgage rates for May 16, 2022, which are mixed from last Friday.” - Foxbusiness.com
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Posted By TheNewsCommenter: From Foxbusiness.com: “Savings window opens: 30- and 20-year mortgage rates fall | May 16, 2022”. Below is an excerpt from the article.
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Based on data compiled by Credible, mortgage refinance rates have risen across all terms since last Friday.
Rates last updated on May 16, 2022. These rates are based on the assumptions shown here. Actual rates may vary. With 5,000 reviews, Credible maintains an "excellent" Trustpilot score.
What this means: After dipping near the end of last week, mortgage refinance rates surged over the weekend. Rates for a 15-year refinance are currently lower than rates for all other repayment terms. Homeowners looking to refinance may find 15-year rates offer the best opportunity for a lower rate and manageable monthly payment.
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