The average rate on 15-year, fixed-rate mortgages, popular with homeowners who are refinancing, fell slightly to 3.24 percent from 3.27 percent last
The average rate on 15-year, fixed-rate mortgages, popular with homeowners who are refinancing, fell slightly to 3.24 percent from 3.27 percent last week.
The share of fixed rate mortgages continued to increase and accounted for 53% of new mortgage deals over the past three months.
Swap rates are affected by indications of future base rate… ARM interest rates in the 7 year refinance category start at 3.500% now and the April is 3.581%. 10/1 Adjustable Rate Mortgages can be had for 3.875% and April of 4.062%. ARM loans in the 7 year category are published at 3.500% and April of 3.684%.
Standard 30 year fixed rate loan interest rates are coming out at 3.625% at BMO Harris Bank with an April of 3.910% today.
On the topic of stocks, this particular bank’s stock price dropped to 11.47 down -0.10.
The shorter term 15 year fixed rate mortgage interest rates can be had for 3.530% today yielding an April of 3.694%. Shorter term, popular 15 year FRMs are listed at 3.375% with an April of 3.518%. 10 year ARMs are being offered for 3.500% now with a starting April of 3.971%. Rates stood at 3.41% in the third quarter of this year. ARMs in the 5 year category at BMO Harris start at 3.000% with a starting April of 3.954%.
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