Rates are slowly creeping back up due to new inflation indicators. So far the 15-year rates have held pretty steady, but 30-year rates are moving up.
Here are this week's rates:
30-yr Fixed
Conventional: 3.875%* FHA/VA: 3.375%*
15-yr Fixed
Conventional: 3.000%* FHA/VA: 2.875%*
*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.
