January 17, 2022
Daily Mortgage Rates Drop | November 2, 2021 | Personal Finance | newsadvance.com – Lynchburg News and Advance

Daily Mortgage Rates Drop | November 2, 2021 | Personal Finance | newsadvance.com – Lynchburg News and Advance

Current mortgage rates: VA, FHA and jumbo loan rates

The average rates for FHA, VA and jumbo loans are:

  • The rate on a 30-year FHA mortgage is 3.229%.
  • The rate on a 30-year VA mortgage is 3.297%.
  • The rate on a 30-year jumbo mortgage is 3.681%.

Current mortgage refinance rates

The average rates for 30-year loans, 15- year loans and ARMs are:

  • The refinance rate on a 30-year fixed-rate refinance is 3.549%.
  • The refinance rate on a 15-year fixed-rate refinance is 2.685%.
  • The refinance rate on a 5/1 ARM is 3.516%.
  • The refinance rate on a 7/1 ARM is 3.657%.
  • The refinance rate on a 10/1 ARM is 3.681%.

Average Mortgage Refinance Rates

Data based on US mortgage loans closed on Oct 28, 2021

15 YEAR FIXED CONVENTIONAL

  • Oct 28: 2.67%
  • Last Week: 2.69%
  • Change: -0.02%

30 YEAR FIXED CONVENTIONAL

  • Oct 28: 3.62%
  • Last Week: 3.66%
  • Change: -0.04%

Source: https://newsadvance.com/business/investment/personal-finance/daily-mortgage-rates-drop-november-2-2021/article_661d28d0-8a8a-52c5-bc1a-5d2c6bdd2ea9.html

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