Mortgage Rates Rise and Bank Shares Soar as the Yield Curve Comes to Life
Mortgage rates rose on Monday: The average 30-year mortgage rate is 3.77%, which equates to a $464.25 monthly payment per $100,000 borrowed, or $17.44 higher than the equivalent payment would have been a month ago.
If you were to opt for a shorter term, the average 15-year mortgage rate is 2.98%, which equates to a $689.62 monthly payment per $100,000 borrowed, or $12.90 higher than the equivalent payment would have been a month ago.
|Rate (National Average)||Today||1 Month Ago|
|30-year fixed jumbo||4.34%||4.17%|
|30-year fixed refi||3.85%||3.49%|
|15-year fixed refi||3.03%||2.74%|
|5/1 ARM refi||3.39%||3.12%|
Interest and mortgage rates rise in the wake of Trump’s victory, and bank shares are soaring
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