Rates were all over the map this week, with some popular options on the decline as others inched up ever-so slightly. Here’s how purchase and refinance averages looked by week’s end, according to CNET:
The average interest rate for a 30-year fixed mortgage is 5.41 percent, up just one basis point from last week. The average rate for a 15-year, fixed mortgage is 4.70 percent, which is a decrease of one basis point from one week ago.
A 5/1 adjustable-rate mortgage has an average rate of 4.20 percent, an increase of nine basis points from the same time last week.
Turning toward refis, the current average interest rate for a 30-year refinance is 5.40 percent, an increase of two basis points over this time last week. For 15-year fixed refis, the average rate is currently at 4.66 percent, a decrease of two basis points.
For 10-year fixed refinances, the average rate is at 4.67 percent, an increase of nine basis points compared to one week ago.