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National mortgage rates for May 23, 2013

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

Mortgages

  • 3.74% (30-year fixed)
  • 0.32 (average points)

Mortgage rates jumped for the third consecutive week as the Federal Reserve hinted that it may slow down its bond-buying program in coming months.

The 30-year fixed-rate mortgage rose 3 basis points to 3.74 percent. A basis point is one-hundredth of 1 percentage point.

The 15-year fixed-rate mortgage rose 5 basis points to 2.97 percent. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, was 3.99 percent, the same as last week.

The 5/1 adjustable-rate mortgage rose 2 basis points to 2.7 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.

 

 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.77% 3.60%
15 yr fixed mtg
2.88% 2.74%
5/1 ARM
2.66% 2.54%
30 yr fixed mtg refi
3.76% 3.58%
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