Back to the future, specifically 2007.
Does anyone know what ARMs are up to?
For today, April 26th, 2022, the current average mortgage rate for a 30-year fixed-rate mortgage is 5.358%, the average rate for a 15-year fixed-rate mortgage is 4.471%, and the average rate for a 5/1 adjustable-rate mortgage (ARM) is 4.230%. Rates are quoted as annual percentage rate (APR) for new purchase.