The 30-year fixed mortgage rate on May 26, 2022 is down 22 basis points from the previous week’s average rate of 5.00%. Additionally, the current national average 15-year fixed mortgage rate decreased 3 basis points from 4.00% to 3.97%. The current national average 5-year ARM rate is down 3 basis points from 4.41% to 4.38%.
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