Mortgage and refinance rates were trending higher once again this week, with both 30-year and 15-year fixed rate averages up significantly in basis points by week’s end. Here’s how the popular options look, according to CNET:
The 30-year fixed-mortgage rate average stands at 3.51 percent, up eight basis points compared to one week ago. The average rate for a 15-year, fixed mortgage is 2.83 percent, an increase of 14 basis points compared to last week.
A 5/1 adjustable-rate mortgage has an average rate of 3.51 percent, up six basis points compared to a week ago.
The average 30-year fixed refinance rate stands at 3.51 percent, an increase of seven basis points from what we saw one week ago. The average interest rate for a 15-year refinance is 2.81 percent, up 15 basis points from last week.
The average 10-year fixed refinance rate is 2.83 percent, an increase of 14 basis points over last week.
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