Lower rates have triggered an increase in both purchase applications and refinance activity.
Below are the estimated national averages for common loan products: 6.11% – 6.40% 15-Year Fixed: 5.45% – 5.73% 30-Year FHA: 5.38% – 5.91% 30-Year VA: 5.68% – 5.93% 7/1 ARM: ~5.73% 💡 Key Market Insights
As of today, , national average mortgage rates have trended slightly lower over the last week. The 30-year fixed-rate mortgage currently averages around 6.40% , while the 15-year fixed-rate is lower at approximately 5.68% . 📈 Current Average Rates
Rates are currently at their lowest levels seen in the last three spring homebuying seasons.
Lower rates have triggered an increase in both purchase applications and refinance activity.
Below are the estimated national averages for common loan products: 6.11% – 6.40% 15-Year Fixed: 5.45% – 5.73% 30-Year FHA: 5.38% – 5.91% 30-Year VA: 5.68% – 5.93% 7/1 ARM: ~5.73% 💡 Key Market Insights
As of today, , national average mortgage rates have trended slightly lower over the last week. The 30-year fixed-rate mortgage currently averages around 6.40% , while the 15-year fixed-rate is lower at approximately 5.68% . 📈 Current Average Rates
Rates are currently at their lowest levels seen in the last three spring homebuying seasons.