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Current Residential Mortgage Rates – May 13, 2013

Term Rate
6 months 3.95%
1 Year 2.74%
2 Year 2.69%
3 Year 2.55%
4 Year 2.99%
5 Year 2.79%
7 Year 3.59%
10 Year 3.69%

Prime = 3.00%

Variable Closed (5 yr) = Prime minus 0.60% = 2.40%

Variable Open = Prime plus 0.80% = 3.80%

 

 

 

Courtesy of John Chrisanthidis, Mortgage Intelligence