Real Estate Mortgage Rates

Real Estate Mortgage Rates

Share Button

Tim Manni reported today on that mortgage rates have “bobbed” lower as of late. In fact, here are the current numbers:

  • 30-year: The overall average rate for 30-year fixed-rate mortgages (conforming, non-conforming and jumbos) decreased by eight basis points (0.08 percent) to 4.37 percent.
  • 15-year: The overall average rate for 15-year fixed-rate mortgages (conforming, non-conforming and jumbos) managed a fall of only five basis points (0.05 percent) from the prior week’s value, dropping to 3.48 percent.
  • FHA: The popular FHA-backed 30-year fixed-rate mortgage is again testing the four percent level, with a four basis point decline setting it at 4.02 percent for the week ending November 22.
  • 5/1 ARM: The overall 5/1 Hybrid ARM closed in on the three percent mark, falling by four hundredths of a percentage point (0.04 percent) to 3.02 percent for the week.

The last statement of the article however was, “Compared to early in the week [last] week, interest rates firmed up a little though Thursday and Friday, so it’s to be expected that we’ll see rates moving back up a little [this] week.”

To read the full article on current mortgage rate conditions, click here.

Other Real Estate Sites: Real Estate In Logan, UT | Logan Home Search | Logan, UT Real Estate | Logan, UT Commercial Properties | UT Real Estate