The week-long reprieve was short lived as a number of popular mortgage and refinance options jumped this week. Here’s how the rates looked by week’s end, according to CNET:
The average 30-year fixed mortgage rate is 7.35 percent, which is an increase of 25 basis points compared to one week ago. The average rate for a 15-year, fixed mortgage is 6.51 percent, up 13 basis points compared to last week.
A 5/1 adjustable-rate mortgage has an average rate of 5.58 percent, an uptick of five basis points compared to last week.
Turning to refis, a 30-year fixed refinance is running at 7.35 percent, an increase of 25 basis points compared to one week ago. The current average for a 15-year refi is 6.52 percent, an increase of 13 basis points compared to one week ago.
The current average rate for a 10-year refinance is 6.75 percent, up 26 basis points from what we saw the previous week.