A number of popular purchase and refi rates hit new heights this week, all as the MBA adjusted its annual outlook. The good news is that most of the week-over-week increases were on the smaller end compared to more recent numbers.
Here’s how the holiday week looked as of April 15, according to CNET:
The average 30-year fixed mortgage interest rate is 5.07 percent, up three basis points compared to the same time last week. The average rate for a 15-year, fixed mortgage is 4.31 percent, an increase of 13 basis points from last week.
A 5/1 adjustable-rate mortgage has an average rate of 5.01 percent, the only decline—albeit small—of two basis points compared to a week ago.
The current average interest rate for a 30-year refinance is 5.07 percent, an increase of one basis point from one week ago.
The current average rate for a 15-year refi is 4.35 percent, up 12 basis points compared to one week ago. The average 10-year fixed refinance rate stands at 4.45 percent, an increase of 20 basis points from last week.