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Current mortgage rates - October 22, 2014

 
HSH.com’s Vice President Keith Gumbinger summarized the last few weeks as a “wild ride” for mortgage rates. According to the latest Mortgage Rates Radar, a Wednesday-to-Tuesday survey of mortgage rates, both the conforming 30-year and the 5/1 ARM fell by equal amounts as the latest mortgage-rate slide continues. The 30-year conforming fixed-rate fell by 0.08% to 4.01%. The conforming 5/1 Hybrid ARM also fell by 0.08%, closing the wraparound weekly survey at 3.02%. What’s the future for mortgage rates? Expect more volatility, says Gumbinger, who suggests borrowers lock in a mortgage rate ASAP as these low figures could disappear in an instant.
Loan Current Previous
30-year Fixed *
4.07 4.01
15-year Fixed *
3.28 3.30
1-year ARM
2.57 2.50
* Conforming, Expanded Conforming, and Jumbo Rates.
Time Range: 6m | 1y | 3y

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