Today a number of major mortgage rates ticked up. If you’re shopping for a home loan, see how that could affect you.
A few important mortgage rates climbed today. While 15-year fixed mortgage rates were steady, interest rates on 30-year fixed mortgages made gains. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, advanced. Mortgage interest rates are never set in stone, but interest rates are at historic lows. Because of this, right now is a good time for prospective homebuyers to secure a fixed rate. But as always, make sure to first think about your personal goals and circumstances before purchasing a house, and shop around to find a lender who can best meet your needs.