Today's mortgage rates
Latest Rate Analysis
Mortgage rates declined this week, and a sharper decline is expected to come.
Freddie Mac reported today that the average offered rate for a conforming 30-year fixed-rate mortgage declined by 6 basis points (0.06%) to 4.75%, it's lowest level since early October. Conforming fifteen-year FRMs fell by four basis points (0.04%), sliding to 4.21%, also about a two-month low. The initial interest rate on a 5/1 hybrid ARM eased rose by five one-hundredths of a percentage point (0.05%), falling to 4.07% for the week.
With the drop in rates and perhaps more yet to come, you might check to see if you can profitably refinance on the dip in mortgage rates. Also, the Home Affordable Refinance Program (HARP) comes to a close in less than 30 days, but it is estimated that perhaps 60,000 homeowners could still qualify for and benefit from a HARP refinance
Concerns about additional trade issues with China, slowing global growth, sliding oil prices, a difficult Brexit breakup and a partial inversion of the yield curve are all serving to keep markets on edge, but probably won't deter the Fed from raising rates in two weeks' time.
We discuss more of the influences pushing mortgage rates around in our weekly MarketTrends newsletter. Read it on the site or subscribe.
| Week | 09/20 | 09/27 | 10/04 | 10/11 | 10/18 | 10/25 | 11/01 | 11/08 | 11/15 | 11/22 | 11/29 | 12/06 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30-year-Fixed | 4.650% | 4.720% | 4.710% | 4.900% | 4.850% | 4.860% | 4.830% | 4.940% | 4.940% | 4.810% | 4.810% | 4.750% |
| 15-year-Fixed | 4.110% | 4.160% | 4.150% | 4.290% | 4.260% | 4.290% | 4.230% | 4.330% | 4.360% | 4.240% | 4.250% | 4.210% |
| 5-year-ARM | 3.920% | 3.970% | 4.010% | 4.070% | 4.100% | 4.140% | 4.040% | 4.140% | 4.140% | 4.090% | 4.120% | 4.070% |
| Loan type/terms | Fixed 30 years | Fixed 15 years/ 20 Years | Hybrid ARM | Traditional ARM | Balloon Mortgage |
|---|---|---|---|---|---|
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HSH.com on the latest move by the Federal Reserve
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