Mortgage Rate Update August 12th

Mortgage Rates for the week of August 12th have continued to drop to record lows.

For more than 6 months now we have seen mortgage rates fall to all time lows.  This week is no exception.

  • 30 Year Fix – 4.44%
  • 15 Year Fix – 3.92%
  • 5/1 ARM – 3.56%

It is still uncertain as we draw near to the end of the summer if this historic drop in mortgage interest rates will continue or if mortgage rates will start to increase.

If you have equity in your home or are looking to purchase a new home then now is a great time to take action.

You can use our mortgage calculator to help determine your monthly payment.

If you are visiting this page and it is not August 2010 you can use this table below to compare the interest rates above with where they are today.

Todays Interest Rates

*TermAugust 16thAugust 6th
30yr fixed4.19%4.31%
15 yr fixed3.43%3.48%
5/1 ARM2.92%2.86%

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