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

Seeing red, white and blue on the road

Here's how red, white and blue cars rank in popularity by brand and model.  ... Read more


Connect with us