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Mortgage News

Bankrate: Mortgage Rates Move Down

The average 30-year fixed mortgage rate fell to 5.41 percent, according to’s weekly national survey. The average 30-year fixed mortgage has an average of 0.27 discount and origination points.

The average 15-year fixed and jumbo 30-year fixed mortgage rates dropped by equal amounts, to 4.74 percent and 6.34 percent, respectively. Adjustable rate mortgages were mixed, with the average 1-year ARM rising to 5.15 percent and the 5-year ARM inching lower to 4.94 percent.