Uncertainty regarding the Fed’s next move propelling mortgage and refinance rates even higher this week. Here’s how the popular averages looked by week’s end, according to CNET:
The average interest rate for a standard 30-year fixed mortgage is 6.28 percent, an increase of 17 basis points compared to last week. The average 15-year, fixed mortgage rate is 5.56 percent, up 25 basis points compared to one week ago.
A 5/1 adjustable-rate mortgage has an average rate of 4.67 percent, an increase of 15 basis points compared to last week.
The average 30-year fixed refinance rate stands at 6.28 percent, an increase of 18 basis points compared to one week ago. The current average interest rate for 15-year refinances is 5.59 percent, up 25 basis points.
For 10-year fixed refis, the average rate is currently at 5.74 percent, an increase of 30 basis points from what we saw the previous week.