arrow

Got a Home in Virginia?
Get Your Best Mortgage From Just 2.21%

Mortgage Interest Rates Up

by


Mortgage interest rates crept up again this week. Traditional fixed 30 year mortgages averaged 6.28 percent this week according to a survey of one national lender. At this time last year this mortgage interest rate was 5.62 percent.

» Mortgage Lender Spotlight «

Each month we showcase exclusive offers from top lenders
that can save you thousands of dollars on your next home loan.

Fifteen year fixed rate mortgages are also up this week to 5.91 percent. Fifteen year mortgages are popular with homeowner looking to refinance their current loans. Last week this mortgage averaged 5.83%

Five year hybrid adjustable rate mortgages are up to 5.95 percent from 5.89 percent last week. At this time last year the five year hybrid was 5.05 percent. One year adjustable rate mortgages are up to 5.36 percent from 5.34 percent last week. At this time last year the one year adjustable rate mortgage was 4.15 percent.

One year adjustable rate mortgage interest rates are very sensitive to market conditions and are reacting to recent interest rate hikes made by the Federal Reserve.

People Who Read This, Also Read:



{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: