If you were hoping for a decline, this is not your week. A number of mortgage and refinance rates are now closer to 2018 levels, surpassing the historic lows seen during the pandemic.
Here is how the week wrapped up, according to CNET:
The average 30-year fixed mortgage stands at 5.42 percent, which is an increase of 13 basis points compared to last week. The average rate for a 15-year, fixed mortgage is 4.66 percent, up 20 basis points from one week ago.
A 5/1 adjustable-rate mortgage currently has an average rate of 5.38 percent, an increase of 15 basis points from the same time last week.
On the refi front, a 30-year fixed refinance rate stands at 5.42 percent, up 16 basis points over last week. The current 15-year refi average is 4.70 percent, an increase of 23 basis points over last week.
And finally, the average rate for a 10-year fixed refinance is 4.66 percent, an increase of 11 basis points over last week.