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Today's mortgage rates - September 24, 2016

According to Freddie Mac, mortgage rates were down across the board this week. The 30-year fixed-rate mortgage averaged 3.48% as of Thursday morning, down from 3.50% last week. The 15-year fixed-rate mortgage averaged 2.76%, down from 2.77% last Thursday. Finally, the 5/1 Hybrid ARM fell by 0.02% from last week, coming in at 2.80% on Thursday.

"The 10-year Treasury yield declined after last week's post-Brexit high in anticipation of the Fed's September policy meeting,” said Sean Becketti, chief economist, Freddie Mac.” The 30-year fixed-rate mortgage followed Treasury yields, falling 2 basis points and settling at 3.48 percent. Despite the decrease in rates, the Refinance Index plunged 8 percent to its lowest level since June.”

Today's rates
3.67%

30-Year Fixed

3.00%

15-Year Fixed

2.50%

1-Year ARM

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30 Year Fixed
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