mortgage

National mortgage rates for Sept. 25, 2014

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

Mortgages

  • 4.3% (30-year fixed)
  • 0.25 (average points)

Mortgage rates trended downward this week, according to Bankrate's latest survey of interest rates.

The 30-year fixed-rate mortgage fell 3 basis points to 4.3 percent. A basis point is one-hundredth of 1 percent.

For the second straight week, the average rate for a 15-year fixed-rate mortgage was 3.46 percent.

The average rate for a 30-year jumbo mortgage fell 6 basis points to 4.31 percent. A jumbo mortgage is typically a loan that exceeds $417,000.

The 5/1 adjustable-rate mortgage fell 3 basis points to 3.32 percent. 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

David McMillin

CFPB slaps Flagstar Bank with $37.5 million fine

Michigan-based Flagstar Bank is paying the price for failing to help homeowners and breaking the Consumer Financial Protection Bureau's new mortgage-servicing rules.  ... Read more

advertisement
Partner Center
advertisement

Connect with us