The current average rate for a 30-year fixed mortgage is 6.54, The average 15-year fixed-mortgage rate is 5.88 percent, and the average rate on a 5/1 ARM is 6.27 percent.
Jeff Ostrowski is a Reporter at Bankrate. He specializes in construction and real estate, personal finance, and regional interest, often analyzing trends in the housing market. Jeff's insights and expertise have been featured in numerous publications, including Florida Realtors, The Philadelphia Inquirer, and Fortune.














