What is mortgage rate right now?

Today’s national mortgage rate trends If you’re looking to refinance, the average 30-year refinance rate is 5.80%, down 14 basis points since the same time last week. Meanwhile, the average 15-year fixed refinance is 5.05%, a decrease of 14basis points since the same time last week.

Should I lock my refinance rate today?

If you are considering purchasing a home or refinancing a mortgage, locking your rate in the near future is likely to save you the most money. If you’re actively shopping for a home, keep in mind that the current real estate market is very competitive.

What have mortgage rates done this week?

The 15-year fixed-rate mortgage rose to 5.05 percent, up from 4.82 percent last week. The 5/6 adjustable-rate mortgage (ARM) rose to 5.04 percent from 4.77 percent a week ago. The 30-year fixed-rate jumbo mortgage was 5.37 percent, up from 5.35 percent last week.

What is happening to mortgage rates today?

The average 30-year fixed-refinance rate is 6.00 percent, up 1 basis point over the last seven days. The average rate for a 15-year fixed refi is 5.28 percent, up 12 basis points over the last week.

Are mortgage interest rates going to drop again?

Mortgage rates are likely to continue to rise in 2022. Many factors influence mortgage rates, including inflation, world events, economic crises, personal factors, the Federal Reserve and even bond prices. Even though mortgage interest rates increase, they will still be lower than historical mortgage rates.

What is today’s prime lending rate?

4.75
Prime rate, federal funds rate, COFI

	This week	Month ago
WSJ Prime Rate	4.75	4.00
Federal Discount Rate	1.75	1.00
Fed Funds Rate (Current target rate 1.50-1.75)	1.75	1.00
11th District Cost of Funds	0.22	0.22

What happened on I-75 in Sumter County?

– A fatal crash early Thursday has prompted the closure of I-75 in Sumter County. The wreck happened around 2:45 a.m. on I-75 south at mile marker 323 near Wildwood.

What were 30-year mortgage rates in 1971?

To get more accurate and personalized results, please call to talk to one of our mortgage experts. Thanks to Freddie Mac, there’s solid data available for 30-year fixed-rate mortgage rates beginning in 1971. Rates in 1971 were in the mid-7% range, and they moved up steadily until they were at 9.19% in 1974.

What happened to mortgage rates in 2016?

In 2015, mortgage rates fell back to 3.85% as the market calmed down. Although they were a little higher to end the year, rates in 2016 averaged 3.65%. With global turmoil, investors flocked to the safety of the U.S. bond market to guarantee the steadiness of their investments.

When did mortgage rates reach their peak?

They reached their peak at the end of 2018/start of 2019. Rates on a 30-year fixed rate mortgage (FRM) ran between 3.95% on the low end and 5.34% on the high.