30-yr Fixed Rate is at 4.25%* this week.
Rates held steady for the last 3 weeks at 4.25%, up slightly from 4.125% for the previous 3 weeks.
There was a 2-day jump when Fed continued to reduce bond-buying, but rates dropped back down as the stock market declined last week.
*This is closest “par” rate for a conventional 30-yr mortgage. It assumes very good credit, sufficient equity, and the absence of other negative risk factors (e.g. property use, cash-out or not, loan amount, etc.). Different mortgage types (such as FHA and VA) and specific risk factors will affect interest rates.
