Interest Rate Roundup
- 30-year fixed: 3.79%
- Average points: 0.2
Mortgage rates were mostly unchanged this week, according to Bankrate's latest survey of interest rates.
The average rate for a 30-year fixed-rate mortgage kept its place at 3.79 percent for the second consecutive week. The rate for a 15-year fixed-rate mortgage also was unchanged at 3.03 percent.
The average rate for a 30-year jumbo mortgage rose 2 basis points to 3.92 percent. A jumbo mortgage is a loan that usually exceeds $417,000. A basis point is one-hundredth of 1 percent.
The 5/1 adjustable-rate mortgage ticked up 1 basis point to 3.09 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.