These are the latest mortgage rates – and they have increased since last week

US mortgage rates for Friday, January 20, rose from the previous day and rose from the same time last week, according to data from Bank.

30 year fixed term loan

The daily average for the 30-year, fixed-rate mortgage was 6.56%, up 13 basis points from 6.43% the previous day and up 7 basis points from the same day last week. . (Each 1% of the mortgage is made up of 100 basis points.)

The refinancing rate for a 30-year, fixed-rate loan was 6.66%, up 8 basis points from the previous day and up 9 basis points. from last week.

15 year fixed term loan

The 15-year, fixed-rate mortgage average 5.63%, 52-week low, flat from the previous day and reduced 11 basis points from the same day last week.

Jumbo Mortgage

For jumbo loans, which include properties that are more expensive than loans under a standard loan (about $647,000 in most areas), the rate is 6.60%, over 16 basis points from the previous day and an increase of 10 basis points from the same. day of the previous week.

ARM

While 5/1 adjustable rate mortgages carry a fixed rate for five years and can rise or fall each year after that, the average is 5.33%, down 4 basis points from the previous day and down 12 basis points from the same day. day of the previous week. On Friday, the rate for 5/1 ARM fell to a 52-week low.

FHA and VA loans

The rate for a 30-year, Federal Housing Administration-insured mortgage is 5.79%, up 8 basis points from the previous day and down 3 basis points from the same day last week. Mortgages backed by the Department of Veterans Affairs reached a rate of 5.95%, up 2 basis points from the previous day and 3 basis points from last week.

Editor’s note: This story was automatically generated by Automatic knowledgea technology company, using data from Bankrate.

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