Average US rate on 30-year mortgage falls to 3.62 percent

The weekly average for 30-year mortgages have been dropping since 2014, when the average was 4.17%.


The average fees for a 30-year mortgage rose to 0.6 point from 0.5 point last week. A year ago at this time, the 15-year FRM averaged 3.07 percent.

15 year fixed rate mortgage interest rates have been listed at 3.21% at the bank today carrying an April of 3.355%. The rate is the lowest since May 23, 2013, when the fixed rate mortgage was 3.59%. Freddie Mac supports communities across the nation by providing mortgage capital to lenders.

Rates on the adjustable five-year mortgage averaged 2.79 per cent this week, down from 2.85 per cent last week. The 30-year mortgage responded, falling 3 basis points to 3.62 percent.

The National Association of Realtors announced existing home-sales were up 4% month-over-month in January and up 11% from a year ago.

The 5 year ARM deals are available starting at 3.19% at HSBC and the April is 3.39%.

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The benchmark 30 year fixed rate loan interest rates at HSBC Bank (NYSE:HBC) have been offered at 3.73% and an April of 3.814% today.


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In this Tuesday Jan. 26 2016