U.S. News & World Report - At the moment, adjustable-rate mortgage rates are being offered for roughly one-and-a-half percentage points below fixed-rate mortgage rates, which makes them tempting. Zillow's Mortgage Marketplace, which tracks real mortgage rates offered to consumers, reports that the average rate on a 30-year fixed-rate mortgage was 4.72 percent last week, while 5/1 ARMs were going for 3.22 percent.
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