- 3.54% (30-year fixed)
- 0.39 (average points)
Mortgage rates fell in this week's rate survey.
The price of a 30-year fixed-rate mortgage fell 3 basis points this week to 3.54 percent. A basis point is one-hundredth of 1 percentage point.
The 15-year fixed-rate mortgage fell 1 basis point to 2.87 percent.
For loans of more than $417,000, the average 30-year rate on a jumbo mortgage went down 3 basis points to 4.06 percent.
The benchmark adjustable-rate mortgage, the 5/1 ARM, was still 2.72 percent. ARMs have a fixed rate for five years and an annual adjustment every year after that.
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