Interest Rate Roundup
Find the best mortgage rates in your area.
- 3.66% (30-year fixed)
- 0.35 (average points)
Mortgage rates rose this week, as Congress agreed to a temporary fix to the debt ceiling crisis.
The 30-year fixed-rate mortgage rose 6 basis points to 3.66 percent. A basis point is one-hundredth of 1 percentage point.
The 15-year fixed-rate mortgage rose 5 basis points to 2.94 percent. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, rose 4 basis points to 4.08 percent.
The 5/1 adjustable-rate mortgage fell 3 basis points to 2.71 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.
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