mortgage

Mortgage rates for Oct. 6, 2011

 

 

Mortgage rates dropped this week, and the most popular type of mortgage hit a new record low.

The 30-year fixed-rate mortgage fell 9 basis points to 4.21 percent.

The 15-year fixed-rate fell 1 basis point to 3.46 percent. The average rate for 30-year jumbo mortgages was 4.82 percent, down 5 basis points from last week's rate.

Despite the super-low rates, the volume of mortgage applications decreased 4.3 percent last week from one week earlier, according to the Mortgage Bankers Association weekly survey.

If you're in the market for a home ... you can research the best mortgages rates, right here, at Bankrate.com. I'm Kristin Arnold.

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Best day to buy a car?

The best day to buy a car for the biggest savings is coming soon.  ... Read more


Connect with us