mortgage

National mortgage rates for Jan. 29, 2015

Interest Rate Roundup

Find the best mortgage rates in your area.

Mortgages

  • 30-year fixed: 3.8%
  • Average points: 0.29

Mortgage rates inched down this week as the Federal Reserve remained committed to keeping rates low until midyear.

The 30-year fixed-rate mortgage fell 1 basis point to 3.8 percent. A basis point is one-hundredth of 1 percent.

The 15-year fixed-rate mortgage fell 5 basis points to 3.13 percent. The average rate for a 30-year jumbo mortgage rose 1 basis point 4.02 percent. A jumbo mortgage is generally a loan of more than $417,000.

The 5/1 adjustable-rate mortgage was 3.19 percent, the same as last week. 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

Holden Lewis

Who is homeownership for?

The homeownership rate fell to its lowest point in more than 20 years in the final quarter of 2014.  ... Read more

advertisement
Partner Center
advertisement

Connect with us