Posts Tagged ‘Mortgage. Interest’
After rising drastically last week fixed mortgage interest rates moved up slightly this week. 30 Year notes moved from 6.42 to 6.45 and 15 Year notes moved from 6.02 to 6.04. ARMS on the other hand rose a decent amount. 5 Year Arms rose from 5.89 to 5.99 while 1 Year Arms rose from 5.19 to 5.27.
30 Year mortgage rates have been on a steady rise having risen for the last straight 6 weeks. Overall 15 Year Fixed and 5 Year Arms have been rising. The only mortgage product that has remained relatively flat over the last 6 weeks is the 1 Year Arm. Below are mortgage rates for the last few weeks.
So rates are one thing but what does this translate into for a mortgage payment. Using our free mortgage calculator lets run the numbers on a 200k loan based on todays rates. We also put in what the mortgage would be a week and a month ago based on past rates. Read the rest of this entry »