Mortgage Interest rates fell a little again. That makes 9 of the last 11 weeks that rates have dropped. All total, rates on 30-year mortgages have dropped almost a half percentage point.
This week, the average 30-year fixed mortgage rate fell to 6.44 percent. Refinancing’s favorite, the 15-year fixed, dropped to 6.12. Other mortgage rates are as follows:
- The jumbo 30-year fixed - 6.69 percent.
- 5/1 ARM - 6.19 percent.
- The one-year ARM - 5.89 percent.