Current Residential Mortgage Rates as of January 28, 2015

Mortgage Rates

Term Fixed Closed Rate
6 months 3.95%
1 Year 2.89%
2 Year 2.34%
3 Year 2.69%
4 Year 2.77%
5 Year 2.79%
7 Year 3.49%
10 Year 3.99%

Prime = 2.85%

Variable Closed (5 yr) = Prime minus 0.70% = 2.15%

Variable Open = Prime plus 0.80% = 3.65%

Secured Credit Lines = Prime

 

Courtesy of John Chrisanthidis, Mortgage Intelligence