Mortgage rates have been trending upwards for a couple of weeks now. I imagine it is a result of the weakness in the bond market lately. I imagine that this will continue if there are signs that the economy is improving and there is more fear of inflation in the market. Nevertheless, mortgage rates are still incredible and it may make sense for a lot of people at this time to refinance their current mortgage...
Conventional 30 year fixed 4.375% (APR 4.445%)
Conventional 15 year fixed 3.625% (APR 3.758%)
Conventional 5/1 ARM 3.25% (APR 3.119%)
FHA 30 year fixed 4.25% (APR 4.634%)
FHA 15 year fixed 4.0% (APR 4.332%)
FHA 5/1 ARM 3.25% (APR 3.435%)
USDA Rural Housing 30 year 4.25% (APR 4.635%)
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