- 4.43% (30-year fixed)
- 0.33 (average points)
Mortgage rates edged lower for the second consecutive week amid mixed economic news in the United States and abroad.
The 30-year fixed-rate mortgage fell 4 basis points to 4.43 percent. A basis point is one-hundredth of 1 percent.
The 15-year fixed-rate mortgage fell 4 basis points to 3.48 percent. The average rate for a 30-year jumbo mortgage fell 5 basis points to 4.43 percent. A jumbo mortgage is generally a loan of more than $417,000.
The 5/1 adjustable-rate mortgage fell two basis points to 3.32 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.