National Mortgage Rate Averages

National average CD rates haven’t moved much this week which isn’t a surprise since rates are so low. The current national average 1 year CD rate is at 0.70 percent. The FDIC’s national average 1 year rate is even lower at 0.28 percent and the FDIC’s average jumbo CD rate is for 1 year CDs is at 0.30 percent. Of course you can find bank CD rates higher than the averages.

Averages on national home equity rates are difficult to ascertain. However, it is possible to estimate how your loan compares by evaluating your loan terms against the national prime interest rate.What Is the Prime Rate? The national prime interest rate is the interest banks pay in order to borrow