Weekly Mortgage Interest Rate Report January 7, 2016

Even though we experienced the worse New Year opening of the stock market, mortgage rates are still stable. The outlook for 2016 US economy is optimistic.

 

 Week ending on 01/07/16 Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate 3.97% 0.6 N/A
 15-Year Fixed Rate 3.26% 0.5 N/A
 5/1-Year Adjustable Rate 3.09% 0.5 2.75
 1-Year Adjustable Rate 2.68% 0.2 2.74
 Week ending on 12/31/15 Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate 4.01% 0.6 N/A
 15-Year Fixed Rate 3.24% 0.6 N/A
 5/1-Year Adjustable Rate 3.08% 0.4 2.74
 1-Year Adjustable Rate 2.68% 0.2 2.74
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