High ratio or 25 year amortization 5 year variable at 2.50% and 5 year fixed at 3.34%. Conventional mortgage over 30 years 5 year variable 2.85% and 5 year fixed 3.64%
The fixed rate has being bouncing around for the past 12 months. I would say in last year it has been as low as 2.89% and as high as 3.74%. This is mainly down to Bond and stock markets. When people sell bonds mortgage rates go up. With Trump getting into to power there’s been a constant back and forth swing in the market especially over past 3 to 4 months. These rate swings have nothing to do with our economy. Once things settle down again in the rates will settle back down.