Current Mortgage Rates

Sunday, March 14, 2010



Truth in Lending is a federal law requiring lenders to fully disclose in writing the terms and conditions of a mortgage, including the annual percentage rate and other charges. also called Regulation Z. To put it simply, the act calls for the lender to make all of the details of the mortgage available and easy-to-understand for the consumer.

By disclosing the Annual Percentage Rate (APR), how the APR is calculated, and any finance charges, the lender is allowing the consumer to make an informed decision about the loan offer. There are also requirements that the lender provide the consumer with the details of exactly how much is to be repaid on each payment, so that there are no unexpected expenses for the borrower.




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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed5.12%
30-yr. fixed jumbo5.50%
15-yr. fixed4.38%
15-yr. fixed jumbo4.88%
7/1 ARM4.12%
5/1 ARM4.00%
3/1 ARM4.25%
1-yr. ARM2.88%
1-yr. LIBOR ARM4.50%
10/1 ARM4.88%
*Mortgage Rates Updated: 03/12/2010