Some notable mortgage and refinance rates inched upward by week’s end, following a slight dip in the days prior. According to CNET, here are how the averages looked as of Oct. 15:
The average 30-year fixed mortgage interest rate is 3.20 percent, an increase of five basis points compared to the end of last week. The average rate for a 15-year, fixed mortgage, however, inched up slightly to 2.43 percent—up two basis points from one week ago.
A 5/1 adjustable rate mortgage has an average rate of 3.21 percent, an increase of six basis points from the same time last week.
When it comes to the refi rates, it was more of the same this week. The average rate for a 30-year fixed refinance loan is currently 3.17 percent, up four basis points from last week.
For 15-year fixed refinances, the average rate is 2.41 percent, an increase of two basis points. The average 10-year fixed refinance rate is 2.37 percent, an increase of two basis points compared to last week.