National mortgage rates for Oct. 10, 2013

Polyana da Costa
October 10, 2013

Interest Rate Roundup

Mortgage rate graph
Mortgage rate graph

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  • 4.39 (30-year fixed)
  • 0.3 (average points)

Mortgage rates were quiet this week as investors waited for Congress to reach an agreement to pass a budget and raise the debt ceiling.

The 30-year fixed-rate mortgage fell 2 basis points to 4.39 percent. A basis point is one-hundredth of 1 percentage point.

The 15-year fixed-rate mortgage was 3.47 percent, the same as last week. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, stayed at 4.58 percent.

The 5/1 adjustable-rate mortgage fell 6 basis points to 3.34 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.

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