There appears to be no slowing interest rates on the mortgage and refinance front at the moment, as the average 30- and 15-year loan options hit new heights this week. Here’s a look at the numbers, according to CNET:
The average 30-year fixed mortgage interest rate is 7.32 percent, an increase of 15 basis points from one week ago. The average rate for a 15-year, fixed mortgage is 6.46 percent, up seven basis points from seven days ago.
A 5/1 adjustable-rate mortgage has an average rate of 5.46 percent, an increase of eight basis points from last week.
Turning to refis, an average 30-year fixed refinance stands at 7.30 percent, up 15 basis points compared to one week ago. The average rate for a 15-year fixed refi is 6.50 percent, an increase of eight basis points.
The average rate for a 10-year fixed refinance loan is currently 6.66 percent, up 13 basis points from what we saw last week.