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National 30-year fixed mortgage rates go up to 3.69%. Additionally, the current national average 15-year fixed mortgage rate increased 4 basis points from 3.15% to 3.19%. The current national average 5/1 ARM rate is equal to 3.60%.What is the best interest rate for home loans?
Historically speaking, anything below 4 percent is a very good mortgage rate. In today’s market, the best rates might be in the high 2 percent or low 3 percent range. Remember that the lowest mortgage rates go to borrowers with strong credit, few debts, and at least 20 percent down payment.Are refinance rates going down?
Conventional refinance rates and those for home purchases trended lower in 2020, and are still ultra-low in 2021. According to loan software company Ellie Mae, the 30-year mortgage rate averaged...Are mortgage interest rates high?
Rates are now starting to climb and are expected to continue heading higher throughout 2021. Just last week, mortgage rates rose to the highest point since August 2020. The average interest rate on a 30-year fixed-rate mortgage went up to 2.97%, according to Freddie Mac.