Mortgage rates are dropping back down toward some of the lower numbers we were seeing Monday. However, on average, rates have increased slightly this week. The unsettling nature of the stock market has been taking some effect on bonds and therefore rates.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.64% (-0.10%)
• 15-year (FRM) rates at 3.32% (-0.05%)
• FHA 30-year Fixed rates at 3.25% (-0.13%)
• Jumbo 30-year Fixed rates at 3.71% (-0.08%)
• 5/1 ARM rates at 3.45% (-0.05%)
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RBS Citizens
Clifton Park, NY