Mortgage Interest Rates

Mortgage Interest Rates

Mortgage Interest Rates January 2, 2019

These figures are subject to change at anytime and differ among institutions.
This is a window to show how we started calendar year 2019

Today’s Mortgage Rates
Product Interest Rate Change 1 week Rate Last Week
30-year fixed mortgage rate 4.51% -0.07 4.58%
15-year fixed mortgage rate 3.76% -0.04 3.80%
5/1 ARM mortgage rate 3.94% -0.06 4.00%
7/1 ARM mortgage rate 4.08% -0.03 4.11%
30-year fixed jumbo mortgage rate 4.42% -0.03 4.45%
30 Year FHA mortgage rate 4.04% -0.07 4.11%
10/1 ARM 4.38% -0.02 4.40%
20-year fixed mortgage rate 4.37% -0.01 4.38%
30-year VA mortgage rate 4.08% -0.06 4.14%

Last update: 01/02/2019 at 6:30 AM

The interest rate yo, yo is in full force as mortgage rates have come down as the stock market capitulates. Most often investors run to the safety of the bond market to seek shelter from the volatility of the equities market, pushing rates down. Remember price and yield work inversely to each other in the bond market. Rates are down .25-.375 in the last month.

National average for fixed 30 year is presently 4.640 Don’t blink or you may miss the numbers changing in the volatile market condition at present.

Brad Tritschler REALTOR / Facebook