Multiple closely watched mortgage rates decreased today. The average rates on 30-year fixed and 15-year fixed mortgages both dropped. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also fell.
Mortgage rates are constantly changing, but, overall, they are very low by historical standards. If you’re in the market for a mortgage, it may make sense to go ahead and lock if you see a rate you like. Just be sure to shop around.