Treasury Bond Yields higher this week – The 10-year treasury bond closed the week yielding 2.93%, up from 2.83% on May 31. The 30-year treasury bond yield ended the week at 3.08%, up from 3.00% on the last week. We watch bond rates because mortgage rates follow bond rates.
Mortgage Rates lower for second straight week – The June 7, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.54%, down slightly from 4.56% last week. The 15-year fixed was 4.01%, down from 4.06% last week. The 5-year ARM was 3.74%, down from 3.80% last week.