National Average Rates
| Product | Today | Last Week |
|---|---|---|
| 30 year fixed | 3.12% | 3.12% |
| 15 year fixed | 2.44% | 2.45% |
| 5/1 ARM | 2.43% | 2.66% |
| 30 yr fixed mtg refi | 3.08% | 3.10% |
In respect to this, what is the current 5-year mortgage rate?
1.68%
Also, is there a 5-year fixed mortgage rate? Most mortgage lenders do offer 5–year Adjustable Rate Mortgages (ARMs). The rate is fixed for five years, but then the rate can go up if you still have the loan by then.
Also know, is a 5-year fixed rate mortgage a good idea?
‘For borrowers who are concerned about market fluctuations and wish to be able to budget easily, a five–year fixed rate mortgage can provide some much-needed peace of mind and security,’ said Williams.