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Current mortgage rates - March 3, 2015

Mortgage rates have been bouncing around the last two months. We started 2015 on a downward trajectory, as mortgage rates trended downward for most of the month. February responded in an opposing fashion, as mortgage rates increased, erasing most of January’s decline. But last week concluded the month of February with another rate decline. For the week ending Feb. 27, 30-year fixed-rate mortgages fell by 0.04% to 3.92%. The 15-year companion fell by 0.03% to 3.25%. FHA-backed 30-year FRMs fell by 0.01% to 3.74%. The 5/1 Hybrid ARM fell by 0.06% to 3.08% for the week.
Loan Current Previous
30-year Fixed *
3.86 3.90
15-year Fixed *
3.23 3.16
1-year ARM
2.50 2.25
* Conforming, Expanded Conforming, and Jumbo Rates.
Time Range: 1m | 6m | 1y

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Featured mortgage articles

Fixed mortgage rates rise again this week

Feb 24, 2015

HSH.com releases its latest Weekly Mortgage Rates Radar showing fixed mortgage rates rising to their highest levels of 2015 in the seven-day period ending February 24, but soothing words from the Federal Reserve about the future direction of interest rates should pull them back down in the days ahead. 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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