In a refreshing change of pace, popular mortgage and refinance averages largely held steady or even slightly dipped this week, following the Fed’s big news. Here’s how the averages looked by week’s end, according to CNET:
The average rate for a 30-year fixed mortgage is 5.42 percent, unchanged from one week ago. The average 15-year fixed rate is 4.72 percent, which is an increase of six basis points over last week.
A 5/1 adjustable-rate mortgage has an average rate of 5.38 percent, also unchanged from last week.
On the refi front, the average 30-year fixed refinance is 5.40 percent, a decrease of two basis points compared to one week ago. The average 15-year fixed refi rate is 4.74 percent, up four basis points over last week.
The average rate for a 10-year fixed refinance loan is 4.67 percent, an increase of just one basis point compared to last week.