30-year fixed-rate mortgage average edges lower

A year ago, it was 3.71 percent. Four weeks ago, the rate was 3.01 percent. The 30-year fixed-rate average for this week is 0.91 percentage points below the 52-week high of 3.88 percent, and is 0.04 percentage points above the 52-week low of 2.93 percent.

The 30-year fixed mortgages in this week’s survey had an average total of 0.32 discount and origination points.

Over the past 52 weeks, the 30-year fixed has averaged 3.28 percent. This week’s rate is 0.31 percentage points lower than the 52-week average.

  • The 15-year fixed-rate mortgage fell to 2.38 percent from 2.42 percent.
  • The 5/1 adjustable-rate mortgage rose to 2.85 percent from 2.83 percent.
  • The 30-year fixed-rate jumbo mortgage fell to 3.36 percent from 3.37 percent.

At the current 30-year fixed rate, you’ll pay $419.99 each month for every $100,000 you borrow, down from $421.06 last week.

At the current 15-year fixed rate, you’ll pay $661.16 each month for every $100,000 you borrow, down from $663.03 last week.

At the current 5/1 ARM rate, you’ll pay $413.56 each month for every $100,000 you borrow, up from $412.49 last week.

Results of Bankrate.com’s weekly national survey of large lenders conducted February 10, 2021 and the effect on monthly payments for a $165,000 loan: