I'm Lucas Wysocki with your weekly look at mortgage rates. Mortgage rates improved slightly this week but remained near record lows. The 30-year fixed rate mortgage rose 3 basis points to 3.62 percent. The 15 year fixed was up as well, coming in at 2.91 percent. The 30-year jumbo broke the pattern and actually lost a point, falling to 4.18 percent.
On the adjustable side, the 5-year ARM rose 4 basis points to 2.72 percent.
For those interested in refinancing, the time to get record low rates is now. On November 1st, Fannie Mae and Freddie Mac are raising the guarantee fees charged to loan originators. This could work against the Federal Reserve's QE3 program, which is designed to keep rates low. One thing is for certain, it's important to shop around. You can do that right here at Bankrate.com. I'm Lucas Wysocki.