Rates Rebound In Latest Weekly Numbers

Mortgage and refinance rates were largely on the rebound this week, following declines at the start of the year. Here’s how the popular options looked by week’s end, according to CNET.

The average 30-year fixed mortgage rate is 6.37 percent, up six basis points compared to one week ago. The average rate for a 15-year, fixed mortgage is 5.62 percent, which is a decrease of six basis points from seven days ago.

A 5/1 adjustable-rate mortgage has an average rate of 5.38 percent, down nine basis points from the same time last week. 

The average 30-year fixed refinance rate right now is 6.48 percent, an increase of 16 basis points over this time last week. The average 15-year fixed refi is 5.66 percent, a decline of eight basis points compared to one week ago.

A 10-year fixed refinance is running at 5.69 percent, a decrease of 13 basis points over last week.