- 4.45% (30-year fixed)
- 0.36 (average points)
Mortgage rates edged down this week as investors' concerns over the crisis in Ukraine eased a bit.
The 30-year fixed-rate mortgage fell 3 basis points to 4.45 percent. A basis point is one-hundredth of 1 percent.
The 15-year fixed-rate mortgage fell 4 basis points to 3.46 percent. The average rate for a 30-year jumbo mortgage fell 2 basis points to 4.49 percent. A jumbo mortgage is generally a loan of more than $417,000.
The 5/1 adjustable-rate mortgage fell 4 basis points to 3.26 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.