National mortgage rates for Oct. 10, 2013

Polyana da Costa
October 10, 2013

Interest Rate Roundup

Mortgage rate graph
Mortgage rate graph

Find the best mortgage rates in your area.

Mortgages

  • 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.

See all interest rates content

Next
Next



More From Bankrate.com