Mortgage Rates As Of April 3rd

Long Term Mortgages Drift Up While Short Term Rates Decline

30-year Fixed Rate Mortgage: Averaged 5.88 percent, up from last week when it averaged 5.85 percent. Last year at this time, the 30-year FRM averaged 6.17 percent.

15-year Fixed Rate Mortgage: Averaged 5.42 percent, up from last week when it averaged 5.34 percent. A year ago at this time, the 15-year FRM averaged 5.87 percent.

Five-year Treasury-indexed ARM's: Averaged 5.59 percent this week, down from last week when it averaged 5.67 percent. A year ago, the 5-year ARM averaged 5.92 percent.

Thanks for Reading
Howard Bell

www.yourpropertypath.com
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