The average 30-year fixed mortgage held steady at 6.42%. The average 15-year fixed rate mortgage, which is popular for refinancing, moved to 6.10%, down from 6.11% last week. Adjustable rate mortgages increased slightly: the average 5/1 adjustable rate mortgage was 6.24 and the average one-year ARM settled at 5.92 from 5.90%.
Overall, fixed mortgage rates are higher than they were a year ago. One year ago, the average 30-year fixed mortgage rate was 6.17%. However, 6.42 is still not a bad rate.
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The average 30-year fixed mortgage held steady at 6.42%. The average 15-year fixed rate mortgage, which is popular for refinancing, moved to 6.10%, down from 6.11% last week. Adjustable rate mortgages increased slightly: the average 5/1 adjustable rate mortgage was 6.24 and the average one-year ARM settled at 5.92 from 5.90%.
Overall, fixed mortgage rates are higher than they were a year ago. One year ago, the average 30-year fixed mortgage rate was 6.17%. However, 6.42 is still not a bad rate.
Something to say?
You must be logged in to post a comment.
