Today some of the important mortgage rates dropped.

The Fifteen-year fixed and 30-year fixed mortgage rates both drifted down. The 5/1 adjustable-rate mortgages also moved down.

Mortgage interest rates are never permanent, but interest rates are at their best so this is an excellent time for future homebuyers to secure a fixed rate.

30-year fixed-rate mortgages

The average rate of a 30-year fixed mortgage is now at 3.05%, it has dropped by 4 basis points since last week.

15-year fixed-rate mortgages

The average rate for a 15-year, fixed mortgage dropped by 3 basis points compared to the same time last week is at 2.35%.

5/1 adjustable-rate mortgages

The average mortgage rate for 5/1 adjustable-rate is 3.07%, a drop of 4 basis points from last week.

Before purchasing a home, take your personal needs and financial situation into account, and shop around for different lenders to find the right one for you.

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