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Current mortgage rates - October 2, 2014

Mortgage rates are back to their falling ways. According to the latest Mortgage Rates Radar, a Wednesday-to-Tuesday wraparound weekly survey of mortgage rates, both the 30-year and 5/1 ARM rates fell during the week ending September 30. The average rate for conforming 30-year fixed-rate mortgages declined by 0.04% to 4.24%. Conforming 5/1 Hybrid ARM rates decreased by just 0.01%, ending the survey week at 3.23%. While mortgage rates should remain low for the next few months, rate volatility will increase as the Fed’s QE program comes to an end.
Loan Current Previous
30-year Fixed *
4.22 4.28
15-year Fixed *
3.48 3.57
1-year ARM
2.71 2.79
* Conforming, Expanded Conforming, and Jumbo Rates.
Time Range: 6m | 1y | 3y

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