Current Residential Mortgage Rates as of January 14, 2015

Mortgage Rates

Term Fixed Closed Rate
6 months    3.95%
1 Year 2.89%
2 Year 2.59%
3 Year 2.69%
4 Year 2.89%
5 Year 2.79%
7 Year 3.79%
10 Year 4.39%

Prime = 3.00%

Variable Closed (5 yr) = Prime minus 0.70% = 2.30%

Variable Open = Prime plus 0.80% = 3.80%

Secured Credit Lines = Prime plus 0.50%

 

Courtesy of John Chrisanthidis, Mortgage Intelligence