What's driving current mortgage rates?
David Cooper
Financial Advisor for Investors Only Licensed CA Real Estate with since 1996
Feb 20, 2018 Mortgage rates today are largely unchanged from Friday's, except for government loans. Those did increase by about 5/100ths of 1 percent. On the chart below, it looks like more than it really is.
With a $200,000 mortgage, the difference between 4.5 percent and 4.45 percent is just $6 per month, so current mortgage rates are still highly affordable.
We'll get no pertinent economic reports until Wednesday, so expect interest rates to move with stock prices and other factors (see data below).
Conventional 30 yr Fixed4.584.591Unchanged
Conventional 15 yr Fixed4.0834.102Unchanged
Conventional 5 yr ARM4.04.325Unchanged30 year fixed
FHA4.4135.42+0.04%15 year fixed FHA3.754.701+0.06%
5 year ARM FHA3.8754.867Unchanged30 year fixed VA4.54.694+0.05%
15 year fixed VA3.8134.126+0.06%5 year ARM VA4.254.191Unchanged
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