Several major mortgage and refi rates increased this week, as noted by CNET. Here’s how the numbers looked headed into the holiday weekend:
The 30-year fixed-mortgage rate average is 3.08 percent, up seven basis points compared to one week ago. Also an increase of seven basis points, the average for a 15-year, fixed mortgage is 2.38 percent.
The largest increase same via the 5/1 adjustable rate mortgage, which has an average of 3.11 percent—up nine basis points from seven days ago.
Looking at refinancing rates, the average rate for a 30-year fixed refi is 3.07 percent, an increase of eight basis points over this time last week. The average for a 15-year fixed refinances is at 2.37 percent, an increase of seven basis points, while the average rate for a 10-year fixed refinance loan was static week-over-week, currently at 2.33 percent.