For the past few months the rates have change a little. Although it is expected that rates are to rise in the near future we are not yet seeing anything to confirm that projection.
Here are this week's rates:
30-yr Fixed
Conventional: 3.750%* FHA/VA: 3.000%*
15-yr Fixed
Conventional: 3.250%* FHA/VA: 3.000%*
*These are the closest “par” rates for the different types of mortgages. They assume 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 specific risk factors will affect interest rates.
