The interest rate on the 30 year fixed rate mortgage rose last week for the 5th week in a row. With seven tenths of a point paid at origination, the rate has risen to 3.9%.
The rate on a fifteen year has risen as well to just over 3% with a similar origination fee. This time last year the rates were 3.7 and 2.97 percent respectively. Please give us a call for up to the minute information or if you would like us to put you in touch with one of our preferred lenders.