Mortgage rates continued to rise ever so slightly this week, according to numbers out from CNET. Here’s how some of the popular purchase and refi options looked as of Jan. 27:
The average 30-year fixed-mortgage rate is 6.45 percent, up eight basis points from one week ago. The average rate for a 15-year, fixed mortgage is 5.63 percent, which is an increase of one basis point from the same time last week.
A 5/1 adjustable-rate mortgage has an average rate of 5.42 percent, an uptick of four basis points from seven days ago.
Turning to refinances, the current average interest rate for a 30-year refi is 6.49 percent, up one basis point compared to a week ago. The average 15-year fixed refinance rate is 5.64 percent, a decrease of two basis points over last week.
The average 10-year fixed refinance rate is 5.69 percent, unmoved from what we saw the previous week.