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That is 15 basis points lower than this time last week for a 30-year fixed mortgage. 15-year fixed rates and 5/1 adjustable mortgage rates also took a dip, landing at 6.62% for 15-year rates and 6 ...
Let’s say you take out a 5/1 ARM loan for $300,000 with a 6.5 percent interest rate. For the first five years of the 30-year loan, your rate would be locked in at 6.5 percent, making your ...
The fixed rate for a 15-year mortgage is 5.99%, up 28 basis points from last week's average 5.71%. These figures are lower than a year ago, when rates averaged 7.76% for a 30-year term and 7.03% ...
Freddie Mac reports an average 6.09% for a 30-year fixed-rate mortgage, down 11 basis points from last week's average 6.20%, according to its weekly Prime Mortgage Market Survey of nationwide ...
Many mortgage lenders rely on the Secured Overnight Financing Rate (SOFR) to determine the adjustments for ARMs. The yield on the one-year Treasury bill and the 11th District cost of funds index ...
Freddie Mac reports an average 6.95% for a 30-year fixed-rate mortgage, up 9 basis points from last week's average 6.86%, according to its weekly Prime Mortgage Market Survey of nationwide lenders ...
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