While home mortgage rates are still holding relatively steady, they are continuing to slowly rise week after week. If you are thinking about refinancing, now may be a good time before the rates get any higher.
Here are this week's rates:
30-yr Fixed
Conventional: 3.875%* FHA/VA: 3.375%*
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.
