Mortgage rates have remained stable this week, with the average 30-year rate at 6.11% and the 15-year rate at 5.50%. Rates may start dropping due to a poor job openings report. Current mortgage rates are cited as: 30-year fixed: 5.93%, 20-year fixed: 5.90%, 15-year fixed: 5.36%, 5/1 ARM: 5.74%, 7/1 ARM: 5.81%, 30-year VA: 5.51%, 15-year VA: 5.19%, 5/1 VA: 5.09%. Mortgage refinance rates are also outlined. Fixed-rate mortgages offer rate stability, while adjustable-rate mortgages adjust periodically. Economists expect mortgage rates to hover in the low-6% range for the near future.
Read more at Yahoo Finance: Rates may drop in response to the jobs report
