What do you want of Mortgage Interest Rates Today ?.
Mortgage interest rates moved down slightly this week. This was a good sign since it was not preceded by any rate cuts from the Fed. The 30 year mortgage rate fell from 6.52 to 6.47 and the 15 year mortgage rate fell from 6.07 to 6.00. For arms the 5 year rate fell from 6.02 to 5.99. The 1 year arm was the only one of the 4 rates to increase going from 5.18 to 5.29. If anyone the mortgage rates are not more in align with each other. Over the past few weeks the incompatibility in the middle of the 1 year arm and the other rates has seemed larger than normal.
To put this weeks changes in context of what has happened over this summer mortgage rates are still quite a bit higher than earlier. For the 30 Year mortgage on May 22 rates fell to 5.98. Then by July 24 rates raised to 6.63. So rates have fallen since then but we are still quite a bit higher than the rates we saw in May. Below are mortgage rates for the last few weeks.
