Home mortgage rates are still holding fairly steady, despite economic volatility. The Fed has likely pushed back from a September rate rise, but we can almost certainly expect one come December of this year. If you're waiting to refinance, remember to act quickly.
Here are this week's rates:
30-yr Fixed
Conventional: 3.750%* FHA/VA: 3.250%*
15-yr Fixed
Conventional: 3.125%* FHA/VA: 3.125%*
*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.
