Lower mortgage rates have helped to improve the number of ARM loans closed in October from 5% to 5.3% of all loans in November. While refinance loans fell by 2 points, down to 49% of all loans in November.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.84% (+0.01%)
• 15-year (FRM) rates at 3.47% (0.00%)
• FHA 30-year Fixed rates at 3.45% (0.00%)
• Jumbo 30-year Fixed rates at 3.92% (-0.01%)
• 5/1 ARM rates at 3.50% (0.00%)
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RBS Citizens
Clifton Park, NY