As of September 17, 2014, the mortgage interest rates rose for the 3rd straight month. It is not uncommon for mortgage interest rates to rise when the Federal Reserve is scheduled to meet.
At any rate, mortgage interest rates remain historically relatively low.
Weekly national mortgage survey
|Results of Bankrate.com’s Sept. 17, 2014, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:|
|30-year fixed||15-year fixed||5-year ARM|
|This week’s rate:||4.33||3.46||3.35|
|Change from last week:||+0.06||+0.04||+0.06|
|Change from last week:||+$5.82||+$3.24||+$5.46|