Mortgage Rates Rise
Mortgage rates increased again this week with the avg 30yrv fixed rate rising to 6.32%.
The average 15yr fixed rate mortgage climbed to 6.07%.
The average jumbo 30yr fixed rate increased to 6.56%.
Adjustable mortgage rates moved higher as well, with the average 5/1 ARM moving up to 6.21% and the average one-year ARM increasing to 6.04%.
Mortgage rates increased again this week, despite the absence of any important release of economic data. Instead, all signs continue to point to the Fed staying on hold with interest rates for an indefinite period.
The average 15yr fixed rate mortgage climbed to 6.07%.
The average jumbo 30yr fixed rate increased to 6.56%.
Adjustable mortgage rates moved higher as well, with the average 5/1 ARM moving up to 6.21% and the average one-year ARM increasing to 6.04%.
Mortgage rates increased again this week, despite the absence of any important release of economic data. Instead, all signs continue to point to the Fed staying on hold with interest rates for an indefinite period.
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