mortgage

Mortgage rates for Feb. 6, 2014

I'm Doug Whiteman with Bankrate.com and here is your weekly look at mortgage rates.

Mortgage rates fell for a fifth week in a row, with mortgage rates slumping to the lowest levels since just before Thanksgiving. The benchmark 30-year fixed mortgage rate is now 4.43 percent, and the 15-year fixed rate fell to 3.5 percent. On larger jumbo mortgages, the 30-year fixed rate slid to 4.47 percent.

Adjustable-rate mortgages were mostly lower also, with the average five-year adjustable dropping to 3.27 percent and the seven-year ARM dipping to 3.58 percent.

Worries about a slowdown in the U.S. and global economies and continued skittishness about the health of emerging markets is pushing investors into safe-haven U.S. Treasury securities. Mortgage rates are closely related to yields on long-term government bonds.

Whether mortgage rates are rising or falling, always be sure to shop around for the best mortgage terms. To find the lowest mortgage rates in your area, use the free search engine at Bankrate.com.

I'm Doug Whiteman.

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