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The Ledger - EST. 1978 - Nashville Edition

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VOL. 41 | NO. 46 | Friday, November 17, 2017

Rate on 30-year mortgages falls to 3.92 percent

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WASHINGTON (AP) — The rate on benchmark 30-year, fixed-rate mortgages slipped this week to 3.92 percent from 3.95 percent last week. But the 15-year, fixed-rate mortgage, popular among homeowners seeking to refinance, blipped up to 3.32 percent from 3.31 percent.

A year ago, the 30-year stood at 4.03 and the 15-year at 3.25 percent.

Mortgage rates often follow the yield on 10-year Treasury notes, which dipped this week.

The five-year adjustable mortgage rate rose to 3.22 percent from 3.21 percent last week and 3.12 percent a year ago.