A number of mortgage and refinance loan options inched back up this week following a brief decline just seven days ago. Here’s how some of the popular options look, according to CNET:
The 30-year fixed-mortgage rate average is currently 6.80 percent, which is an increase of four basis points from one week ago. The average rate for a 15-year, fixed mortgage is 6.13 percent, up 15 basis points compared to a week ago.
A 5/1 adjustable-rate mortgage has an average rate of 5.71 percent, down two basis points compared to last week.
On the refi front, a 30-year fixed refinance rate is currently averaging 6.90 percent, an increase of five basis points over this time last week. For 15-year fixed refis, the average rate is 6.17 percent, an increase of 21 basis points from what we saw the previous week.
The average 10-year fixed refinance rate right now is 6.28 percent, an increase of 20 basis points over last week.