30-year fixed mortgage rate down 4 basis points
Mortgage rates are mixed today as negotiations with Iran focus on clearing the Strait of Hormuz.
The average 30-year fixed rate is 6.60%, down 4 basis points since yesterday.
The 15-year fixed loan is currently at 6.09%, 2 basis points higher than yesterday, while the 5/1 ARM is 6.79%, 6 basis points higher than on Tuesday.