Mortgage rates are going down ahead of next week’s Federal Reserve meeting, which is expected to deliver the Fed’s first.
The average 30-year fixed mortgage rate fell 8 basis points to 3.83% from 3.91% a week ago. 15-year fixed mortgage rates fell 8 basis points to 3.20% from 3.28% a week ago.
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The average 15-year fixed mortgage rate is 3.12 percent with an APR of 3.32 percent. The 5/1 adjustable-rate mortgage (arm) rate is 3.82 percent with an APR of 6.94 percent.
Loan type. Average interest rate. Personal loan (2-year loan) 10.22%. New auto loan (4-year loan) 4.74%. Credit card plan (on which interest was charged) 15.32%
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5-Year Fixed-Rate Historic Tables HTML / Excel Weekly PMMS Survey Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects.
· Conforming 15-year FRMs saw their average offered rate edge four basis points (0.04%) higher, firming up to 3.22%, while the initial rate for a conforming hybrid 5/1 ARM ticked up by just one one-hundredth of a percentage point (0.01%) to move to 3.46 for the period.
There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments. Historically, the 15-year mortgage rate reached upwards of 8.89% in 1994 and reached a trough of 2.56% in 2013. 15 Year Mortgage Rate is at 3.14%, compared to 3.16% last week and 4.16% last year.
Mortgage rates valid as of 04 Oct 2019 08:32 am CDT and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10.
The rate for a jumbo 30-year fixed-rate mortgage increased from 4.03% to 4.07%. The average interest rate for a 15-year fixed-rate mortgage rose from 3.42% to 3.48%. The contract interest rate for.