Mortgage Rates Edge Slightly Week over Week

CNNMoney reports from Bankrate the 30-year fixed rate mortgage (FRM) dropped 0.01 percent this week over last week (Nov. 14-18) to 4.02 percent. The 15-year FRM also fell 0.01 percent to 3.37 percent during that same period. The 5/1 adjustable rate mortgage (ARM) rose to 2.97 percent from 2.96 percent. The 30-year refinance mortgage rate fell 0.02 percent to 4.09 percent, and the 15-year refinance mortgage dropped from 3.49 percent to 3.47 percent.

(Graphic credit: Wikipedia)


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