Here are the rates for today, August 19, 2022 at Bainbridge Lending Group: 30 Year Fixed Conforming: 5.125% (5.233% APR) 15 Year Fixed Conforming: 4.625% (4.785% APR) 7/6 Jumbo ARM: 4.875% (4.692% APR) 30 Year Fixed Jumbo: 4.875% (5.008% APR)
When you are in the market for a mortgage, one of the many decisions you’ll have to make is whether to apply for a fixed-rate loan or an adjustable rate mortgage (ARM). Both can be beneficial, depending on your situation. Learning the difference bet