Mortgage and refinance rates may now closer to 2018 levels than the historic lows seen during the height of the pandemic, but this week did bring some relief. Here’s how the averages stacked up, according to CNET:
The average interest rate for a 30-year fixed mortgage is 5.29 percent, down 13 basis points from one week ago. The average rate for a 15-year, fixed mortgage is 4.60 percent, which is a decrease of 15 basis points compared to last week.
A 5/1 adjustable-rate mortgage has an average rate of 3.91 percent, an increase of four basis points compared to the same time last week.
On the refi front, the average rate for a 30-year fixed refinance is 5.22 percent, a decrease of 11 basis points compared to one week ago. A 15-year fixed refi stands at 4.53 percent, down 15 basis points.
The average 10-year fixed refinance loan is currently 4.41 percent, a decrease of 24 basis points over last week.