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Since last Saturday, all mortgage and refinance rates have gone down, with mortgage rates for 7/1 ARMs dropping by a staggering 77 basis points. Rates are low in general.
If you’re aiming to buy a home or to refinance, you might want to go for a fixed-rate mortgage instead of an adjustable-rate mortgage. You can get a better deal on a fixed-rate mortgage than an adjustable-rate mortgage currently because ARM rates start higher, and your rate might go up down the line with an ARM.
Rates from Money.com
Learn more and get offers from multiple lenders »
Since last week, mortgage rates are down across the board, with adjustable rates dropping by at least 50 basis points. You can lock in an ARM rate for under 4.5% today.
We’re showing you the average rates nationwide for conventional mortgages, which may be what you think of as “normal mortgages.” You may receive an improved rate with a government-backed mortgage through the FHA, VA, or USDA.
Rates from Money.com
Click here to compare offers from refinance lenders »
All refinance rates have dipped since last Saturday, with fixed rates ticking down. Rates are also down from this point last month.
Rates are low in general. Low rates often signify a floundering economy. As the US continues to struggle to…
