Please ensure Javascript is enabled for purposes of website accessibility

Mortgage Rates Remain Surprisingly Steady

By Tim Brugger - Mar 21, 2017 at 3:16PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The good news just keeps on coming for home shoppers.

The good news just keeps coming on mortgage rates. Many expected a slow but steady increase in mortgage rates following the Federal Reserve's 0.25% bump in its overnight rate last week, not to mention the ensuing increase in prime rates -- the interest lenders charge their most creditworthy customers -- many banks instituted as a result. However, fixed rates declined across the board again today, and even adjustable-rate mortgages (ARMs) remained stable.

For today's home shoppers, here are the current average mortgage rates across the U.S., along with where they stood last month.

Mortgage Rates (National Average)



1 month ago

30-year fixed jumbo



30-year fixed



15-year fixed



30-year fixed refi



15-year fixed refi



5/1 ARM



5/1 ARM refi



Data source: Bloomberg. Rates may include points.

Rates aren't quite as attractive as they were a while back, but relatively speaking it's still a good time to shop for a mortgage. For some perspective, here are a few of the rates home  shoppers were faced with 10 years ago.

Mortgage Rates (National Average)


March, 2007

30-year fixed


15-year fixed


1-year ARM


Data source: Federal Home Loan Mortgage Corporation (Freddie Mac). Rates do not include points.

For those of you who already own a home and are considering a home equity line of credit (HELOC) or equity loan, there was little change today. The strong housing market has kept average HELOC and equity loan rates fairly stable at 5.10% and 5.22%, respectively. Both HELOC and equity loan rates remain below last month's respective rate of 5.26% each.


Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/26/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.