Average Mortgage Rates
30 Yr FRM 3.85 3.82 0.03%
15 Yr FRM 3.30 3.28 0.02%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.08 4.05 0.03%
5/1 Yr ARM 3.00 2.99 0.01%
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Updated: 1/18/12 2:54 PM
Jan 18, 2012 2:54PM

Mortgage Rates Steady While Borrowing Costs Rise Slightly

Mortgage Rates continue to ebb and flow in the same pattern that has persisted for over a month. The average Best-Execution interest rate for a 30yr fixed loan has remained at 3.875% during that time and the closing costs associated withtthat rate have been gently rising and falling, with increasing regularity. We've rarely strung together 3 days in a row with movements in the same direction (i.e. borrowing costs rise very slightly 3 days in a row, while Best-Ex stays at 3.875%), and the actual difference...

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