Multiple key mortgage rates tapered off today. The average rates on 30-year fixed and 15-year fixed mortgages both declined. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, also decreased.
Mortgage rates are constantly changing, but they remain much lower overall than they were before the Great Recession.
Mortgage Rates Retreat
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- Written by: Adrian D. Garcia for Bankrate
- Category: Breaking News - Daily