The brief reprieve appears to be over, as both 15-year and 30-year fixed mortgage rates moved slightly higher this week. Refinance options, however, were on the decline.
Here’s how some of the most popular options looked, according to CNET:
The average 30-year fixed mortgage rate is 5.80 percent, up one basis point compared to last week. The average rate for a 15-year, fixed mortgage is 4.98 percent, which is also an increase of one basis point from the same time last week.
A 5/1 adjustable-rate mortgage has an average rate of 4.21 percent, unchanged from seven days ago.
On the refi front, the average 30-year fixed refinance rate is currently 5.69 percent, a decrease of six basis points compared to one week ago. A 15-year fixed refi stands at 4.97 percent, down two basis point compared to last week.
The average rate for a 10-year fixed refinance is currently 4.90 percent, a decrease of four basis points.