Mortgage rates have mostly drifted sideways this summer. Today’s rates are right in line with where they were in late April.

This stability is much needed for home sales. The biggest concerns for us right now has got to be tight affordable inventory pressure and any further spikes in mortgage rates.

Line chart of mortgage rate trends

Today’s Rates:

  • Conventional 30 year fixed rates currently priced at 4.625%.
  • Conventional 15 year fixed rates currently priced at 4.25%.
  • FHA & VA 30 year fixed rates currently priced at 4.50%.
  • Jumbo 30 year fixed rates currently priced at 4.625%.
  • MFA First Home Conv rates currently priced at 4.75%.
  • MFA Next Home Conv rates currently priced at 5.875%.

Waylon Gentry

Branch Sales Manager I NMLS 492542

Bank of Albuquerque Mortgage

3900 Vassar DR NE I Albuquerque, NM 87107

505-828-3705 I Phone

505-417-8619 I Cell

505-855-7389 I Fax

[email protected] I E-Mail