mortgage

National mortgage rates for Aug. 28, 2014

Interest Rate Roundup
Find the best mortgage rates in your area.

Mortgages

  • 4.23% (30-year fixed)
  • 0.27 (average points)

Mortgage rates barely changed this week, according to Bankrate's latest survey of interest rates.

The 30-year fixed-rate mortgage inched down 1 basis point to 4.23 percent. The 15-year fixed-rate mortgage rose 1 basis point to 3.38 percent. A basis point is one-hundredth of 1 percent.

The average rate for a 30-year jumbo mortgage kept its place at 4.29 percent for the second straight week. A jumbo mortgage is generally a loan that exceeds $417,000.

The 5/1 adjustable-rate mortgage rose 4 basis points to 3.32 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Polyana da Costa

Home prices rise at slower pace

Home price growth has slowed significantly. Should you be concerned?  ... Read more

advertisement
Partner Center
advertisement

Connect with us