Mortgage Rates 10-11-2018 Lender411

By Joy Green Updated on 10/11/2018

Mortgage rates have dropped to the lower levels we were seeing last week, specifically back down to some of the lower rates we saw on October 4^th. The fast-pace drop in stock prices today, and yesterday, created the buzz that ultimately benefited mortgage rates as they dropped back down to last Thursdays lows. However, the rate market and Stock market generally do not have a direct correlation. 

 

 

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• 30-year (FRM) rates at 4.94% (-0.06%)

• 15-year (FRM) rates at 4.43% (-0.05%)

• FHA 30-year Fixed rates at 4.50% (-0.10%)

• Jumbo 30-year Fixed rates at 4.41% (-0.06%)

• 5/1 ARM rates at 4.42% (+0.04%)