#Tick time tracking review mac

Each day's rates are based on the average rate 8,000 lenders offered to applicants the previous business day. Money's daily mortgage rates are a national average and reflect what a borrower with a 20% down payment, no points paid and a 700 credit score - roughly the national average score - might pay if he or she applied for a home loan right now. The latest rate on a 10/6 ARM is 6.182%.The latest rate on a 7/6 ARM is 6.124%.The latest rate on a 5/6 ARM is 5.73%.The latest rate on a 15-year fixed-rate mortgage is 4.823%.The latest rate on a 30-year fixed-rate mortgage is 6.231%.Borrowers looking for a 30-year fixed rate mortgage can expect to see rates averaging 6.231% with no points paid, down 0.395 percentage points. Interest rates on almost all loan categories are starting the day lower than yesterday. Money's average mortgage rates for August 5, 2022 Borrowers with lower credit scores will generally be offered higher rates. The average rate represents roughly the rate a borrower with strong credit and a 20% down payment can expect to see when applying for a mortgage right now.

#Tick time tracking review mac

The average rate on a 5/1 ARM was 2.4% a year ago.įor its rate survey, Freddie Mac looks at rates offered for the week ending each Thursday. The current rate on a 5/1 adjustable-rate mortgage is 4.25% with 0.3 points paid, 0.04 percentage points higher/lower compared to last week.A year ago, the 15-year rate averaged 2.10%. The current rate for a 15-year fixed-rate mortgage is 4.26% with 0.6 points paid, a decrease of 0.32% percentage points week-over-week.The 30-year rate averaged 2.77% this week last year. The current rate for a 30-year fixed-rate mortgage is 4.99% with 0.8 points paid, down 0.31 percentage points from a week ago.(Money's list of the Best Mortgage Lenders is a good place to start.)Īverage mortgage rates are lower this week. If you are offered a rate that is higher than you expect, make sure to ask why, and compare offers from multiple lenders. The 15-year fixed-rate mortgage is averaging 4.26% while the 5/1 adjustable-rate mortgage is averaging 4.25%. 'The high uncertainty surrounding inflation and other factors will likely cause rates to remain variable, especially as the Federal Reserve attempts to navigate the current economic environment,' Sam Khater, Freddie Mac's chief economist, said in a press release.Īverage rates for other loan categories are lower as well. The last time the rate averaged less than 5% was the first week of April. Mortgage rates soared by more than 2 percentage points during the first 6 months of the year, ending a two-year run of historically low mortgage rates caused by the economic disruption of the pandemic. This is the second week in a row that the 30-year rate has decreased. The average rate on a 30-year fixed-rate loan dropped 0.31 percentage points, decreasing to 4.99%, according to Freddie Mac's weekly survey.