30 year fixed rate mortgage – 3 month trend
"We're at such low rates right now that sideways is a positive versus an upward trend," McAllister says.
The benchmark 30-year fixed-rate mortgage rose to 3.66 percent from 3.6 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.35 discount and origination points. One year ago, the mortgage index stood at 4.25 percent; four weeks ago, it was 3.59 percent.
Weekly national mortgage surveyResults of Bankrate.com's Jan. 23, 2013, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:
|30-year fixed||15-year fixed||5-year ARM|
|This week's rate:||3.66%||2.94%||2.71%|
|Change from last week:||+0.06||+0.05||-0.03|
|Change from last week:||+$5.58||+$3.95||-$2.61|
The benchmark 15-year fixed-rate mortgage rose to 2.94 percent from 2.89 percent. The benchmark 5/1 adjustable-rate mortgage fell to 2.71 percent from 2.74 percent.