Not surprisingly, both 15-year fixed and 30-year fixed mortgages, along with a number of popular refinance options, drifted higher with this week’s inflation news. Here’s how the popular options looked by week’s end, according to CNET:
The 30-year fixed-mortgage rate average is 5.79 percent, up seven basis points compared to last week. The average rate for a 15-year, fixed mortgage is 4.97 percent, an increase of eight basis points from one week ago.
A 5/1 adjustable-rate mortgage has an average rate of 4.21 percent, down four basis points compared to last week.
On the refi front, the 30-year fixed refinance rate is currently at 5.75 percent, an increase of five basis points compared to one week ago. A 15-year fixed refinance stands at 4.99 percent, an increase of 11 basis points compared to last week.
The current average interest rate for a 10-year refinance is 4.94 percent, an increase of eight basis points compared to one week ago.