Please ensure Javascript is enabled for purposes of website accessibility

Mortgage Rates Inch Up, With 2 Notable Exceptions

By Tim Brugger - Apr 21, 2017 at 12:22PM

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

An ever-so-slight uptick in most mortgage rates today, except for adjustable loans, which sank.

Most mortgage rates inched up today, led by a jump of five basis points -- a basis point equals 1/100 of a percent -- in the 15-year fixed refinance rate to 3.08%. Adjustable-rate loans bucked the trend and actually declined, both fairly significantly.

The 5/1 adjustable-rate mortgage (ARM) and 5/1 ARM refinance rates each dropped five basis points. The 5/1 ARM offers a fixed rate for five years, then adjusts based on the prevailing rates following the fixed period.

Here are today's average mortgage rates across the U.S., along with where they stood a month ago.

Mortgage Type

Mortgage Rates Today

Mortgage Rates 1 Month Ago

30-year fixed jumbo



30-year fixed



15-year fixed



30-year fixed refinance



15-year fixed refinance



5/1 ARM



5/1 ARM refinance



Data source: Bloomberg. National average rates, which may include points.

Today's homebuyers are still enjoying some of the lowest mortgage rates in history, despite the recent 0.25% bump in the Federal Reserve's benchmark rate. Securing a mortgage used to be a much more expensive proposition. For some perspective, here are a few of the rates as of April 2007.

Mortgage Type

Mortgage Rates, April 2007

30-year fixed


15-year fixed


1-year ARM


5/1 ARM


Data source: Freddie Mac. Rates do not include points.

For existing homeowners exploring a home equity line of credit (HELOC) or equity loan, there's no change in either rates today. HELOC rates were little changed at 5.31%, while equity loan rates stayed at 5.30%. Both equity loans remain above last month's 5.10% and 5.20%.


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 06/27/2022.

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.