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Current 5/1 Year Adjustable Rate Mortgage (ARM) rates from lenders in the HSH editorial survey

30-Year Fixed
15-Year Fixed
5/1-Year ARM

Mortgage Rates for Aug. 22 - 29 , 2014*

Product Interest Rate Points National Average
30-Year Fixed 4.18% 0.17 4.18%
15-Year Fixed 3.47% 0.17 3.47%
5/1 ARM 3.17% 0.10 3.17%
*weekly rolling averages

Show graph data

Date: Aug 26, 2014

HSH.com releases its latest Weekly Mortgage Rates Radar showing the barest of moves for mortgage rates in the seven-day period ending August 26, with nothing to change the recent stable pattern as summer comes to an unofficial end. The Weekly Mortgage Rates Radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM).

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Mortgage refinance rates in Virginia

2.875% Rate

5/1 Yr. ARM

3.099% APR

$830 / month (est)

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Updated 8/27/2014

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Here's a small random sample of loan rates drawn from the survey of objective information we collect every day. Our database contains current data on thousands of loans from lenders coast to coast -- including jumbo loans.

Unlike other 'surveys,' and other Web sites, these mortgage rates are not advertisements. HSH contacts lenders across the country every week -- the same objective survey we've conducted for over 30 years. Our data is so reliable that it's used by Fortune 500 companies, government agencies, the media, and other clients.

These are representative of loans which may be offered in your area, but we don't claim that these are the "best" available. There are many factors which make the "best" loan dependent upon your individual circumstance.

Ready to order your comprehensive list of local lenders? We can email the latest mortgage report to you for just $10 (plus $1 s/h). It includes the application fee, APR, rate-lock info, index, margin, and caps on 3 or more loans per lender. Or you can order it as part of our Homebuyer's Mortgage Kit, which is just $20 (plus $3 s/h).

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To order a report for your area by Phone, just call 1-800-873-2837 (Mon-Fri, 9am-5pm Eastern time); Visa and MasterCard accepted.

All information is Copyright © 2014 HSH Associates, Financial Publishers, Riverdale NJ. All rights reserved.

Lender State Phone Lending Area % Adjustment
period
Term % down
Rate %
Points
Maximum Loan
$1,000
Index
CHARTER ONE MORTGAGE VA 800-288-5569 ALL VIRGINIA,WASH DC,MD 5/1 30 20 2.875 0 750 LIBOR
DEDHAM SAVINGS BANK MA 508-668-4600 ALL MASSACHUSETTS 5/1 30 20 3 0 417 1YT
HUDSON CITY SAVINGS BANK NJ 201-967-1900 ALL NEW JERSEY 5/1 30 20 2.75 0 1000 1YT
KEY BANK OH 800-422-2442 ALL OHIO 5/1 30 25 3.17 0 417 LIBOR
SANTANDER BANK MA 508-370-0601 ALL MASSACHUSETTS 5/1 30 5 2.625 0 417 LIBOR
SUMMIT CREDIT UNION WI 608-243-5000 ALL WISCONSIN 5/1 30 20 2.5 0 417 1YT
SUNTRUST BANK FL 407-850-6103 ALL FLORIDA 5/1 30 20 3.1 0 417 LIBOR
US BANK WI 414-444-9408 ALL WISCONSIN 5/1 30 20 2.875 0 417 LIBOR
WELLS FARGO HOME MORTGAGE FL 407-622-2770 ALL FLORIDA 5/1 30 20 3.375 0 417 LIBOR
WELLS FARGO HOME MORTGAGE CT 203-226-7440 ALL CONNECTICUT 5/1 30 20 3.25 0 750 LIBOR

 

Be sure to see our other loan samples:
15-Year FRMs30-Year FRMs1-Year ARMs

Notes:

  • All interest rates and terms are subject to change without notice.
  • These lenders offer many different loan programs. If you want one that isn't listed, contact the lender directly.
  • The conforming loan limit for a one-family home is $417,000; two- to four-family homes have higher loan amounts.
  • Lenders which offer conforming loans almost always offer jumbo loans as well.

Column heading key

Lender: The institution. If a credit union, you'll need to contact them for membership information and details.

State: The state in which the lender is located.

Phone: The lender's contact number.

Lending Area: The area which the listed office serves.

Adjustment Period: How often the interest rate adjusts (in years).

Term:The total term of the mortgage.

Down Payment: The required down payment for the listed loan.

Interest Rate: The interest rate being charged for the listed loan.

Points: A fee, expressed as a percentage of the loan amount.
One point is equal to a 1% fee; a 1% fee on $100,000 would be a $1000 fee.

Maximum Loan: The maximum dollar amount available at the listed rates and terms.

Index Used: The name of the index used to govern rate changes.

Daily US & International Rates - Last update: 08/27/2014

Latest Yesterday Week Ago
Federal Funds Rate 0.09% 0.09% 0.09%
Discount Rate 0.75% 0.75% 0.75%
Overnight Libor (1 day delay) 0.09% 0.09% 0.09%
Fannie Mae 30/60 3.76% 3.76% 3.76%
6 Month Libor (1 day delay) 0.33% 0.33% 0.33%
10 Year Treasury Security 2.39% 2.40% 2.40%
The Prime Rate 3.25% 3.25% 3.25%

Source: ARMindexes.com