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Rates on a 15-year mortgage stand at an average 5.38% for purchase and 5.40% for refinance, down 19 basis points from 5.57% for purchase and 26 basis points from 5.66% for refinance over the past ...
A 5/1 ARM is one type of adjustable-rate mortgage. The “5/1” refers to the length of the fixed-rate period and the frequency of rate changes, respectively. The “5” is the fixed-rate period ...
10-year fixed rate. 5.91%. 5/1 adjustable rate mortgage. 6.20%. 30-year fixed FHA rate. 6.61%. 30-year fixed VA rate. 6.77%. ... Because mortgage rates can fluctuate daily, it's best to lock in a ...
5/1 adjustable rate mortgage — 5.87%. 30-year fixed FHA rate — 6.67%. 30-year fixed VA rate — 7.29%. 30-year fixed jumbo rate — 6.55%. ... Because mortgage rates can fluctuate daily, it's ...
Rates on a 15-year mortgage stand at an average 5.41% for purchase and 5.44% for refinance, down 3 basis points from 5.44% for purchase and 2 basis points from 5.46% for refinance this time last week.
For a 5/1 adjustable-rate mortgage, the first number indicates the number of years at the fixed rate — or five years — and the second number indicates the rate at which the mortgage rate ...
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