Arguably down quite a bit from the record highs seen just weeks ago, it appears mortgage and refinance rates were up for one more bit of a bump heading into the new year. Here’s how the popular averages looked by week’s end, according to CNET:
The average 30-year fixed mortgage interest rate is 6.61 percent, up 10 basis points from last week. The average rate for a 15-year, fixed mortgage is 5.97 percent, which is an increase of 12 basis points from seven days ago.
A 5/1 adjustable-rate mortgage has an average rate of 5.49 percent, an increase of eight basis points compared to last week.
Turning to refis, the average 30-year fixed refinance is at 6.68 percent, an increase of eight basis points compared to one week ago. The average rate for a 15-year fixed refinance loan is currently 6.16 percent, an increase of 13 basis points over last week.
The average 10-year fixed refinance rate is now 6.30 percent, an increase of 17 basis points from what we saw the previous week.