Rates Tick Up For Mortgages And Refis

Following a few weeks of stability, mortgage and refinance rates were back on the rise this week. Here’s how the more popular rate averages looked by week’s end, according to CNET:

The 30-year, fixed-rate mortgage average sits at  5.57 percent, up 15 basis points compared to last week. The average rate for a 15-year, fixed mortgage is 4.81 percent, an increase of nine basis points.

A 5/1 adjustable-rate mortgage has an average rate of 5.55 percent, an increase of 17 basis points compared to last week.

The average rate for a 30-year fixed refinance loan is  5.53 percent, an increase of 13 basis points. The average 15-year fixed refi is 4.83 percent, an increase of nine basis points over last week. 

A 10-year fixed refinance is currently at 4.79 percent, an increase of 12 basis points compared to one week ago.