Rates have remained much the same over the last couple of weeks. Remember, though, that we expect to see rates rise again in a few months.
Here are this week's rates:
30-yr Fixed
Conventional: 4.000%* FHA/VA: 3.625%*
15-yr Fixed
Conventional: 3.250%* FHA/VA: 3.250%*
*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.
