At its November meeting, the Fed cut the federal funds rate by 25 basis points. One basis point is one ... The average APR on a 15-year fixed mortgage is 6.43%. Last week. 6.43%.

Friday, ending the week just a few basis points above their lowest level of the new year. Many other loan types also saw ...

After recently shooting up to the most expensive level since May, rates on 30-year loans have fallen considerably the last ...

So with a 5/1 ARM, for example, your mortgage rate will remain fixed for the first five years you have the loan, and then it will change once a year after that. ARM terms are typically 30 years.