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Bankrate reports mortgage rates show little change.

M2 EQUITYBITES-August 26, 2016-Bankrate reports mortgage rates show little change

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Bankrate.com's weekly national survey has found mortgage rates posted only slight changes during the week of August 15, with the benchmark 30-year fixed mortgage rate inching to 3.57 percent, the company said.

The 30-year fixed mortgage has an average of 0.25 discount and origination points.

The larger jumbo 30-year fixed dipped to 3.57 percent, while the average 15-year fixed mortgage rate moved up to 2.87 percent. Adjustable mortgage rates were slightly changed, with the 5-year ARM nosing higher to 3.07 percent and the 7-year ARM slipping down to 3.22 percent.

Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in 10 top markets.

Bankrate.com provides consumers with financial advice and tools. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products.

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Date:Aug 26, 2016
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