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Current mortgage rates - October 21, 2014

Mortgage rates made headlines last week, falling to new lows for 2014. However, as the week wore on, portions of those declines were erased by rising mortgage rates later in the week. By the time the week was finished, mortgage rates still finished much lower than where they stood the week before. The overall average rate for 30-year fixed-rate mortgages fell by 0.11%, to the 4.04%, the lowest average since the end of May 2013. The average for 15-year fixed rates fell by 0.10% to 3.32%. FHA-backed 30-year loans fell by 0.12% to 3.73%. The 5/1 Hybrid ARM fell by 0.14% to 3.02%, falling back to November 2013 levels.
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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Rates dip to june 2013 levels as slide continues

Oct 21, 2014

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