Heading into the holiday weekend, mortgage rates continued to slide even as refi rates were on the rise. Here how the popular options looked by week’s end, according to CNET:
The average 30-year fixed mortgage rate is 6.51 percent, down 9 basis points compared to one week ago. The average rate for a 15-year, fixed mortgage is 5.85 percent, a decrease of 14 basis points from last week.
A 5/1 adjustable-rate mortgage has an average rate of 5.41 percent, down 5 basis points compared to a week ago.
Turning to refinances, the average rate for a 30-year fixed refi is currently 6.60 percent, an increase of 15 basis points. The average 15-year fixed refinance rate is 6.03 percent, an increase of 19 basis points from the previous week.
The average 10-year fixed refinance rate is 6.13 percent, an increase of 20 basis points over last week.