Multiple closely watched mortgage rates tapered off today. The average rates on 30-year fixed and 15-year fixed mortgages both slid down. The average rate on 5/1 adjustable-rate mortgages, meanwhile, held steady.
Rates for mortgages are in a constant state of flux, but overall, they are very low by historical standards. If you’re in the market for a mortgage, it may make sense to lock if you see a rate you like. Just make sure you’ve looked around for the best rate first.