Several closely watched mortgage rates sunk lower today. The average rates on 30-year fixed and 15-year fixed mortgages both tapered off. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also ticked downward.
Rates for mortgages are constantly changing, but they remain much lower overall than they were before the Great Recession. If you’re in the market for a mortgage, it may make sense to lock if you see a rate you like. Just be sure to shop around.