Keyword Analysis & Research: today's mortgage rates md

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Frequently Asked Questions

What is the best mortgage rate?

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.

What is the current mortgage interest rate?

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% .

Did mortgage rates drop?

The average mortgage interest rates decreased slightly for two of the three main loan types — 30-year fixed dropped slightly (3.01% to 2.99%), as did 15-year fixed (2.28% to 2.23%) and 5/1 ARM ticked up (2.48% to 2.52%). The number of mortgage applications decreased 6.9% last week, as reported by Mortgage Bankers Association.

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