Fixed Rate & ARM’s this week.

According to Inman News, fixed rate mortgages are more expensive this week.

30-year fixed rate mortgages climbed from about 6.34% (last week) to about 6.42% (this week) and 15-year fixed rate climbed from about 5.98% (last week) to about 6.09% (this week).  But keep in mind that two months ago fixed rate mortgages were about 6.75%.  All in all, rates are down.

ARM’s (Adjustable rate mortgages) went down this week from 6.21% (last week) to 6.15% (this week).

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