Current Home Mortgage Loan Rates
•30 Year Fixed Rate: 4.85% APR: 4.99%
•20 Year Fixed Rate: 4.85% APR: 4.99%
•15 Year Fixed Rate: 4.25% APR: 4.40%
•5/1 ARM Rate: 3.95% APR: 3.45%
•3/1 ARM Rate: 3.75% APR: 3.24%
Rates on fixed mortgages continue to show signs of increasing from day to day, with very little opportunity for average rates to level off between now and the end of the year. The steady climb of rates has been occurring for several weeks now, moving average rates on fifteen and thirty-year mortgages back into ranges that have not been seen since the summer. At present, the upward swing in rates has not motivated consumers to seek financing in greater numbers. Instead, the number of mortgage applications overall is decreasing at a growing rate.
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