Warning: Undefined variable $custom_content in /home4/comcompare/public_html/mortgagenews/wp-content/plugins/code-snippets/php/snippet-ops.php(582) : eval()'d code on line 10
Latest posts by Amanda Byford (see all)
Today some of the important mortgage rates dropped.
The 15-year fixed and 30-year fixed mortgage rates both drifted down. The 5/1 adjustable-rate mortgages also moved down.
Mortgage interest rates are never permanent, but interest rates are at their best so this is an excellent time for future homebuyers to secure a fixed rate.
The average rate of a 30-year fixed mortgage is now at 3.05%, it has dropped by 4 basis points since last week.
The average rate for a 15-year, fixed mortgage dropped by 3 basis points compared to the same time last week is at 2.35%.
The average mortgage rate for 5/1 adjustable-rate is 3.07%, a drop of 4 basis points from last week.
Before purchasing a home, take your personal needs and financial situation into account, and shop around for different lenders to find the right one for you.
Reference Source: CNET
© All Right Reserved. 2022 | Compare Closing LLC | NMLS 1854416