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July 18, 2016 1:40 am
Mortgage rates, slow to react to Brexit, remain below 4 percent.
According to Bankrate.com’s weekly rate report, the 30-year fixed mortgage rate is averaging 3.57 percent, with an average 0.23 discount and origination points. The 15-year fixed mortgage rate is averaging 2.85 percent, with an average 0.20 discount and origination points. The 7-year adjustable mortgage rate is averaging 3.23 percent, and the 5-year adjustable mortgage rate is averaging 3.04 percent. The jumbo 30-year fixed mortgage rate is averaging 3.67 percent.
Borrowers obtaining a 30-year fixed mortgage at the current average rate can expect to pay $905.92 monthly.
Close to three-quarters of mortgage experts surveyed by Bankrate.com expect rates to rise only marginally in the next week, due to the sluggish state of inflation, interest rates and economic growth globally.
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