Mortgage Rate Curve – Mar. 5, 2015
The chart below shows the average best rates for each mortgage term on RateSpy.com. This graph provides a sense for how much of a rate premium you’ll pay for the security of a longer-term and/or fixed rate. Key Takeaways: The difference (spread) between 5-year fixed and variable rates remains tight by historical standards at roughly 0.44 percentage points. The long-term...