mortgage

National mortgage rates for Sept. 18, 2014

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

Mortgages

  • 4.33% (30-year fixed)
  • 0.3 (average points)

Mortgage rates inched up this week.

The 30-year fixed-rate mortgage rose 6 basis points to 4.33 percent, while the 15-year fixed-rate mortgage rose 4 basis points to 3.46 percent.

A basis point is one-hundredth of 1 percent.

The average rate for a 30-year jumbo mortgage rose 2 basis points to 4.37 percent. A jumbo mortgage is generally a loan of more than $417,000.

The 5/1 adjustable-rate mortgage rose 6 basis points to 3.35 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.

 

 

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