National mortgage rates were mostly lower compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed and jumbo loans receded, while rates for adjustable rate mortgages rose. The average rate on a 5/1 ARM mortgage is 3.91 percent, adding 6 basis points from last week. Use Bankrate’s mortgage rate calculator to estimate your monthly payments and see how much you’ll save by adding extra payments. Rates could be materially higher when the loan first adjusts, and thereafter, depending on the loan’s terms. Rates are averages based on the assumptions indicated here. Actual rates listed across the site may vary. Rates are best for people who expect to refinance or sell before the first or second . . .
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