- 4.23% (30-year fixed)
- 0.37 (average points)
Mortgage rates were mixed this week, but remained near record lows as investors worried about deficit issues in the United States and the European debt crisis.
The 30-year fixed-rate mortgage fell 1 basis point to 4.23 percent. A basis point is one-hundredth of 1 percentage point .
The 15-year fixed-rate was 3.47 percent, unchanged from last week. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, fell 3 basis points to 4.74 percent.
The 5/1 ARM rose 3 basis points to 3.2 percent. With a 5/1 ARM, the rate is fixed for five years and is adjusted annually thereafter.