mortgage

Interest Rate Roundup for Dec. 1, 2011

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

Mortgages

  • 4.25% (30-year fixed)
  • 0.37 (average points)

Mortgage rates inched up this week as the stock market rallied, but they remain near record lows.

The 30-year fixed-rate mortgage rose 2 basis points to 4.25 percent. A basis point is one-hundredth of 1 percentage point.

The 15-year fixed-rate rose 1 basis point to 3.48. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, was 4.74 percent, unchanged from last week.

The 5/1 ARM rose 1 basis point to 3.21 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.

 

 

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