The rate on a 30-year fixed mortgage decreased today, providing buyers and homeowners interested in refinancing a chance to lock in a historically low rate.
As of today, the average rate on a 30-year fixed mortgage is 3.02% with an APR of 3.25%, according to Bankrate.com. The 15-year fixed mortgage has an average rate of 2.31% with an APR of 2.66%. On a 30-year jumbo mortgage, the average rate is 2.99% with an APR of 3.12%. The average rate on a 5/1 ARM is 2.80% with an APR of 3.92%.
Loan Term |
Rate |
Change |
Rate Last Week |
30-year fixed |
3.02% |
-0.06% |
3.08% |
15-year fixed |
2.31% |
-0.03% |
2.34% |
30-year jumbo |
2.99% |
-0.06% |
3.05% |
5/1 ARM |
2.80% |
0.00% |
2.78% |
Source: Bankrate.com | |||
30-year Fixed-rate Mortgages
Today, the average rate for the benchmark 30-year fixed mortgage fell to 3.02%. One week ago, the 30-year fixed was 3.08%. The 52-week low is 2.83%.
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