Mortgage Rates Down, Loan Volume Up
The average contract rate on a 30-year fixed mortgaged decreased to 5.17 percent, down from 5.36 percent the prior week, according to the latest survey of mortgage applications released by the Mortgage Bankers Association. 15-year mortgage rates were also down the past week over the prior week, the average contract rate on a 15-year mortgage is just above 4.50 percent at 4.60 percent, down from 4.75 percent. Lender
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Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
Mortgage rates reported by MonitorBankRates.com have been in a similar range. This past Monday, we reported fixed 30-year mortgage rates at 5.25 percent, down from an average rate of 5.39 percent the week before. The average 15-year mortgage rate was reported 4.70 percent, down from the previous week's average rate of 4.84 percent. Fixed rate 30-year jumbo mortgage rates were reported at 6.16 percent, down from 6.18 the week before. The average rate on a fixed 15-year mortgage was reported at 5.80 percent. Looking for Today's Mortgage Rates? MonitorBankRates.com has free mortgage rate tables you can search for today’s mortgage rates. Search for Mortgage Rates Here Explore Other Mortgage and Refinance Offers
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Mortgage rates were down this past week, driving new mortgage loan volume and mortgage refinance activity up. Current mortgage rates have been hovering just above 5.00 percent for several week now.
