A number of popular mortgage and refinance options finally ticked down this week, following weeks on the rise stemming from the start of the new year. Here’s how the averages looked by week’s end, according to CNET:
The 30-year fixed-mortgage rate average is 4.21 percent, down four basis points compared to one week ago. The average 15-year, fixed mortgage rate is 3.50 percent, which is an increase of three basis points from last week.
A 5/1 adjustable-rate mortgage has an average rate of 4.22 percent, down three basis points compared to a week ago.
On the refinance front, the average rate for a 30-year fixed refi loan is 4.18 percent, a decrease of three basis points from one week ago.
Both the 15-year and 10-year refi rates saw nominal increases, though. The average 15-year rate is currently 3.48 percent, an increase of four basis, while the 10-year refinance rate stands at an average of 3.40 percent, up one basis point.