Mortgage Rates 01-24-2019 Lender411

By Joy Green Updated on 1/24/2019

ARM loans are making a comeback as more buyers are looking to take part in the homeownership American Dream. Ellie Mae CEO, Jonathan Corr sees the adjustable rate mortgage increase as an indicator that demand has overstepped supply. "With the strong demand for housing and the rapid increase in property value appreciation, more consumers are turning to Adjustable Rate Mortgages in order to gain additional flexibility when competing for a home."

 

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• 30-year (FRM) rates at 4.63% (+0.04%)

• 15-year (FRM) rates at 4.19% (+0.04%)

• FHA 30-year Fixed rates at 4.22% (+0.04%)

• Jumbo 30-year Fixed rates at 4.40% (+0.02%)

• 5/1 ARM rates at 4.44% (+0.05%)