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 |
|