The average interest rates for both 15-year fixed and 30-year fixed mortgages and 5/1 adjustable-rate mortgages were on the move up. Here’s how the week wrapped up, per CNET:
The 30-year fixed-mortgage rate average is 3.09 percent, an increase of four basis points as seven days ago. (A basis point is equivalent to 0.01 percent.)
The average rate for a 15-year, fixed mortgage is 2.37 percent, up two basis points from the same time last week.
A 5/1 ARM has an average rate of 3.11 percent, an increase of four basis points compared to a week ago.
On the refi side of things, the average interest rate for a 30-year refinance is 3.15 percent, an increase of six basis points week-over-week.
The average rate for a 15-year fixed refinance loan is currently 2.44 percent, an increase of five basis points.
The average rate for a 10-year fixed refinance loan is currently 2.44 percent, up six basis points compared to one week ago.