Mortgage rates have fluctuated slightly up and down over the last several weeks. Early this week we saw a small upward trend in rates that then stabilized today as we head into the weekend.
Freddie Mac’s weekly report came out yesterday showing rates for the 30 year fixed mortgage averaged 4.16% for the week ending February 23. Average rates for the 15-year mortgage was at 3.37%, and the 5-year adjustable-rate mortgage (ARM) average rates were at 3.16%.
Below you will find today’s rates from some of the nation’s top lender’s websites.
Bank of America’s 30-year fixed is 4.25%, and the 15-year mortgage is 3.50%. The 10/1 ARM is 3.375% and the 5/1 ARM is 2.875%.
Today at Wells Fargo, the 30-year fixed mortgage purchase rate is 4.25%, and the 15-year fixed is 3.50%. The 30-year refinance rate is 4.25%, and the 15-year mortgage is 3.50%.
Chase Mortgage is reporting its 30-year fixed rate for the purchase mortgage is 4.00%, and the 15-year is at 3.375%. 30-year fixed mortgage refinance rates are at 4.125%, and the 15-year fixed is at 3.375%.
If you would like a live rate quote and/or to discuss other possible mortgage options, please call me, Erik Sandstrom, at 1-800-779-4547; or email me at [email protected]
You can also search online for the latest rate quotes using the widget below.