At its November meeting, the Fed cut the federal funds rate by 25 basis points. One basis point is one ... The average APR on a 15-year fixed mortgage is 5.94%. Last week. 6.11%.

According to the latest data from Freddie Mac’s Primary Mortgage Market Survey, the average 15-year fixed mortgage rate is ...

Mortgage rates moved slightly lower this week, remaining near 7% as potential buyers and sellers continue to hold off on ...

Rates on 30-year mortgages ticked up a minimal 1 basis point Friday after four days of decline, finishing the week at a 6.84% average. That's just barely above the cheapest level registered since ...

So with a 5/1 ARM, for example, your mortgage rate will remain fixed for the first five years you have the loan, and then it will change once a year after that. ARM terms are typically 30 years.