There were few changes in mortgage rates to kick off the week. What little changes there were included a swing of a mere 1 basis point (a basis point equals 1/100 of a percent) in the 30-year fixed rate, which edged down a notch, along with a slight bump in the 15-year fixed refinance loan, which inched up 2 points.

Most of today's rates continue to compare favorably with last month's, other than adjustable-rate mortgages (ARMs), which are slightly higher but are still awfully attractive.

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

4.27%

4.43%

30-year fixed

3.81%

3.89%

15-year fixed

3.05%

3.10%

30-year fixed refinance

3.79%

3.87%

15-year fixed refinance

3.06%

3.08%

5/1 ARM

3.21%

3.16%

5/1 ARM refinance

3.28%

3.27%

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

Today's mortgage rates remain near historical lows, but homebuyers were enjoying even less costly loans just a few years ago. For some perspective, here are the average mortgage rates from May 2014.

Mortgage Type

Mortgage Rates, May 2014

30-year fixed

4.19%

15-year fixed

3.29%

1-year ARM

2.43%

5/1 ARM

3.01%

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

For homeowners considering a home equity line of credit (HELOC) or equity loan, the strong housing market gave a boost to the latter, though HELOCs climbed 4 basis points to 5.34% Equity loan rates eased 2 points and now sit at 5.24%. A month ago, HELOCs were at 5.30% and equity loans at 5.28%.


 

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