Today's mortgage rates
Mortgage rates mostly drifted sideways this week, but managed enough of a decline as to have the 30-year FRM match its 2019 low.
A one basis point (0.01%) decline in the average offered rate for a conforming 30-year fixed-rate mortgage was reported by Freddie Mac this week, leaving the rate on the most popular mortgage at 4.06%, a level good enough to be at about 16-month low. Conforming 15-year FRMs were offered at an average rate of 3.51%, down two basis points (0.02) from last week, while hybrid 5/1 ARMs saw their initial fixed interest rate rise by two one-hundredths of a percentage point to 3.68% for the period.
Renewed concern about trade and tariff effects on economic growth has seen investors become a little more pessimistic of late, and it looks as though there is some fresh (if slight) downward pressure on rates at the moment, so somewhat lower rates should be in the market in the coming days.
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| Week | 03/07 | 03/14 | 03/21 | 03/28 | 04/04 | 04/11 | 04/18 | 04/25 | 05/02 | 05/09 | 05/16 | 05/23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30-year-Fixed | 4.410% | 4.310% | 4.280% | 4.060% | 4.080% | 4.120% | 4.170% | 4.200% | 4.140% | 4.100% | 4.070% | 4.060% |
| 15-year-Fixed | 3.830% | 3.760% | 3.710% | 3.570% | 3.560% | 3.600% | 3.620% | 3.640% | 3.600% | 3.570% | 3.530% | 3.510% |
| 5-year-ARM | 3.870% | 3.840% | 3.840% | 3.750% | 3.660% | 3.800% | 3.780% | 3.770% | 3.680% | 3.630% | 3.660% | 3.680% |
What are today's mortgage rates?
Here are Today's Mortgage Rates for 5/25/2019
- Quicken Loans: 30 Yr. Fixed Rate: 4.990%, APR: 5.140%
- Quicken Loans: 15 Yr. Fixed Rate: 4.250%, APR: 4.405%
- CloseYourOwnLoan.com: 3/1 Yr. ARM Rate: 4.250%, APR: 5.178%
- Quicken Loans: 20 Yr. Fixed Rate: 4.750%, APR: 4.891%
- Quicken Loans: 10 Yr. Fixed Rate: 4.250%, APR: 4.452%
- MelloSmartLoan: 5/1 Yr. ARM Rate: 5.250%, APR: 5.118%
- MelloSmartLoan: 7/1 Yr. ARM Rate: 5.000%, APR: 5.032%
- CloseYourOwnLoan.com: FHA 30 Yr. Rate: 3.625%, APR: 3.869%
- CloseYourOwnLoan.com: VA 30 Yr. Rate: 3.750%, APR: 3.915%
| Loan type/terms | Fixed 30 years | Fixed 15 years/ 20 Years | Hybrid ARM | Traditional ARM | Balloon Mortgage |
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Current Interest Rates Analysis
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