Mortgage rates may be in for a move lower if Treasury rates continue to fall. According to Zillow, the 30-year fixed-rate home loan is down six basis points today to 6.29%, while the 15-year fixed-rate fell three basis points to 5.58%. The 10-year Treasury yield, a benchmark for mortgage rates, has been moving lower for the past week.
Read more: How to buy a house in 13 simple steps
Here are the current mortgage rates, according to the latest Zillow data:
-
30-year fixed: 6.29%
-
20-year fixed: 5.98%
-
15-year fixed: 5.58%
-
5/1 ARM: 6.41%
-
7/1 ARM: 6.54%
-
30-year VA: 5.78%
-
15-year VA: 5.41%
-
5/1 VA: 6.06%
Remember, these are the national averages and rounded to the nearest hundredth.
Learn more: How to get the lowest mortgage rate possible
Here are…more
Source finance.yahoo.com
Terms of use and third-party services. More here.