The average rate on a 30-year fixed-rate mortgage increased to 3.251% today, up slightly from yesterday. The rate for a 30-year refinance was also higher today, moving up to 3.386%. All other fixed-rate loan categories saw rate increases as well, while adjustable-rate mortgages saw mixed rate movement.
Although interest rates are slightly higher today, they are still attractive for borrowers with strong credit whether they are applying for a new mortgage or refinancing their current home loan.
The latest rate on a 30-year fixed-rate mortgage is 3.251%. The latest rate on a 15-year fixed-rate mortgage is 2.365%. The latest rate on a 5/1 jumbo ARM …
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