The 15-year fixed-rate average slid to 3.08 percent with an average 0.5 point. It was 3.12 percent a week ago and 2.76 percent a year ago. The five-year adjustable rate average edged up to 3.15.
We provide historical ARM index rates as a convenience.. 5. 6. 7. 8. 30-Year- FRM. 15-Year-FRM. 30-Year-5-1-ARM. 30-yr fixed. 15-yr Fixed. 5/1-Yr ARM.
The ARM Index Comparison Table: Frequently Used Indexes for Adjustable Rate Mortgages. For current values of these and other indices, look here. Index: National Average Mortgage Contract Interest Rate for Major Lenders on the Purchase of Previously-Occupied (Single-Family) Homes. Short name: National Mortgage Contract Rate (NMCR) Source: federal housing finance agency (for a time, it was.
The 15-year fixed-rate mortgage averaged 3.71%, down five basis points from 3.76% in the week earlier, while the five-year adjustable-rate mortgage was nearly flat at 3.84%. The decline is a.
If you’re shopping for a mortgage, and a 4.5% 30-year fixed rate mortgage (frm) isn’t all that appealing (or maybe it makes your budget too tight), you should investigate adjustable rate mortgages (ARMs) — especially hybrid ARMs. You’ll be in good company: at times, up to 30% or more of all mortgages being made feature some form of adjustable rate feature.
The 15-year fixed-rate average rose to 3.15 percent with an average 0.5 point. It was 3.13 percent a week ago and 2.72 percent a year ago. The five-year adjustable rate average fell to 3.18 percent.
Adjustable Rate Mortgage (ARM) – The interest rate changes throughout the loan, but when and how much depends on your specific loan. During the first 5 years, of your 5/1 ARM, you would have a fixed interest rate. Then after 5 years, depending on your loan parameters, it would adjust once every year for the remainder of the loan.
Current Mortgage Interest Rate Trend interest rate mortgage calculator interest rate Trends ~ Historical Graphs for Mortgage Rates – Interest Rate Trends. Three month, one year, three year and long-term trends of national average mortgage rates on 30-, 15-year fixed, 1-year (CMT-indexed) and 5/1 combined adjustable rate mortgages;historical performance of the National Average Contract Mortgage Rate.
The 15-year fixed-rate mortgage averaged 3.64%, up from 3.62%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage.
1 Future interest rate changes will be determined based on the five year Constant Maturity Treasury (CMT) yield 2 APR = annual percentage rate. apr is your cost over the loan term expressed as a rate. This is not your interest rate. 3 The interest portion of the loan that is greater than the value of the dwelling is not tax deductible for Federal income tax purposes.