Rate on 30-year mortgages falls to 3.92 per cent
Posted Nov 22, 2017 08:07:04 AM.
Last Updated Nov 22, 2017 08:41:19 AM.
This article is more than 5 years old.
WASHINGTON – The rate on benchmark 30-year, fixed-rate mortgages slipped this week to 3.92 per cent from 3.95 per cent last week. But the 15-year, fixed-rate mortgage, popular among homeowners seeking to refinance, blipped up to 3.32 per cent from 3.31 per cent.
A year ago, the 30-year stood at 4.03 and the 15-year at 3.25 per cent.
Mortgage rates often follow the yield on 10-year Treasury notes, which dipped this week.
The five-year adjustable mortgage rate rose to 3.22 per cent from 3.21 per cent last week and 3.12 per cent a year ago.