It’s been a while since we checked in and reported back to you on mortgage rates, so here goes:
30 Year Fixed rates are running at 3.83% with 0.6 points, the same rate as the week prior but with points 0.1 higher. For comparison, one year ago the 30 Year rate was at 3.43%.
15 Year Fixed rates are running at 3.13% with 0.5 points, both rate and points identical to the week prior. One year ago the 15 Year rate was at 2.72%.
5/1 Year ARM rates are averaging at 3.20% with 0.5 points, both rate and points higher than the 3.17% and 0.4 from a week ago. One year ago the 5/1 Year ARM rate was at 2.81%.
