On the heels of lenders adjusting their 2022 outlook based on rising mortgage rates, both purchase and refi rates ended the week higher than last. Here’s how some of the popular options look, according to CNET:
The 30-year fixed-mortgage rate average is 5.88 percent, which is an increase of 22 basis points compared to last week. The average 15-year, fixed mortgage is 5.08 percent, up 17 basis points from seven days ago.
A 5/1 adjustable-rate mortgage has an average rate of 4.34 percent, an increase of five basis points compared to last week.
For 30-year fixed refinances, the average rate is 5.84 percent, up 21 basis points over the same time last week. The current average interest rate for a 15-year refi is 5.09 percent, an increase of 17 basis points compared to one week ago.
The average rate for a 10-year fixed refinance loan is currently 5.11 percent, an increase of eight basis points compared to one week ago.