Current Interest rates
30 year fixed rate: 4.5% (APR 4.588%)
20 year fixed rate: 4.5% (APR 4.614%)
15 year fixed rate: 4.125% (APR 4.277%)
FHA 30 year fixed: 4.125% (APR 5.525%)
USDA 30 year fixed: 4.25% (APR 4.914%)
Forecast for Interest Rates
Interest rates have been holding steady for the past several weeks. The Feds have raised interest rates twice already this year and just last week issued a statement that they intend to have two more increases this year. Values are rising and it is a good time to buy or refinance.