The following information abour current mortgage rates is provided courtesy of Bankrate.com. If you are just curious, look it over. Don't overlook the trend graphs below the rate table.
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Food for thought: Note that the 15 yr. fixed rate and 5/1 ARM mortgages (shown below) followed one another closely, and the initial rates for a 3/1 ARM and 1 yr. ARM were successively lower still. If you expect to move again after 3–5 years, you may want to keep this in mind while shopping for a loan.
Click here to allign both sets of charts in your browser for comparison.
30 yr. Fixed Rate
15 yr. Fixed Rate30 yr. FHA
1 yr. ARM3/1 ARM5/1 ARM7/1 ARM
( Source: Bankrate.com)
15 yr. Fixed Rate30 yr. FHA3/1 ARM5/1 ARM7/1 ARM15 yr. Fixed Rate30 yr. FHA3/1 ARM5/1 ARM7/1 ARM