Today's mortgage rates - January 17, 2017
The decline in mortgage rates continued this week, with Freddie Mac reporting that the average conforming 30-year fixed-rate declined by another 8 basis points (0.08 percent) to ease to 4.12 percent. So far, the cumulative decline in rates totals 20 basis points, or about one-third of the increase tallied since the results of the election were announced back in November. Fifteen-year FRMs shed seven basis points, drifting lower to 3.37 percent, while hybrid 5/1 ARMs declined by a full tenth of a percentage point (0.10 percent), ending the survey week at 3.23 percent.
We may be near the bottom of a working range at the moment with limited additional downside for rates. The recent decline may be reflective of a lessening of the investor exuberance that occurred post-election, as the difficulty of effecting meaningful change in a fractious political environment may be starting to be seen.
Today's mortgage rates from our partners
- Free mortgage rate quotes
- Compare rates from up to 5 lenders
- Select the personalized loan program that suits you best
- Fixed Mortgage Rates 3.20% APR
- Lower Refinance Rates, 15yr Fixed
- (3.20% APR)
- Get your Free Quote in Minutes!
- Lenders Compete for your Business
- Do you have the Lowest Rate Possible? Find Out Instantly!
- Lock in a Low Fixed Rate Before Rates Increase!
The mortgage products on HSH.com are from companies from which QuinStreet may receive compensation. Compensation may impact where products appear on HSH.com (including the order in which they appear). QuinStreet does not include all mortgage companies or all types of products available in the marketplace.
The rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the HSH quotes. Annual percentage rate in ARM products may increase after the loan is closed. More Information. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites. To promote rates on your site, contact firstname.lastname@example.org