Mortgage rates were mixed today, but one key rate was down. The average for a 30-year fixed-rate mortgage ticked downwards, but the average rate on a 15-year fixed moved up. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages cruised higher.
Rates for mortgages change daily, but they remain much lower overall than they were before the Great Recession. If you’re in the market for a mortgage, it could make sense to go ahead and lock if you see a rate you like. Just make sure you shop around first.
30-year fixed mortgages
The average rate you’ll pay for a 30-year fixed mortgage is 3.82 percent, down 3 basis points over the last seven days.
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