Mortgage Rates 10-24-17

By Lisa Robison Updated on 10/24/2017

 

Today's mortgage rates rose to a 3-month high after news reports show informal favortism towards the POTUS potental Fed Chairman, John Taylor. John is seen as being less rate friendly than his competing candidate, Jerome Powell. The market has been senstive about how the next Fed Chairman will lead the world's largets and most influential bank, since Trumps announced yesterday that he is close to making his decision. As of now, rates are as high as they have been since July but to keep things in perspective rates are still much closer to long-term lows than anything else. 

 

Bookmark this page for mortgage rates:

 

• 30 year (FRM) rates at 4.02% (+0.04%).
• 15 year (FRM) rates at 3.31% (+0.03%).
• FHA 30 year Fixed rates at 3.65% (+0.05%).
• Jumbo 30 year Fixed rates at 4.20% (-0.03%).
• 5/1 ARM rates at 3.24% (+0.03%).