Mortgage rates moved in different directions today, but one key rate sunk lower. The average for a 30-year fixed-rate mortgage fell, but the average rate on a 15-year fixed saw an increase. The average rate on 5/1 adjustable-rate mortgages, meanwhile, climbed higher.
Mortgage rates are constantly changing, but they have remained in a historically low range for quite some time. If you’re in the market for a mortgage, it could make sense to lock if you see a rate you like. Just be sure to shop around.
30-year fixed mortgages
The average rate for the benchmark 30-year fixed mortgage is 3.80 percent, down 2 basis points from a week ago. A month ago, the average rate
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