Mortgages
Rate: 6.83 percent (30-year fixed) Average
points: 0.33
Mortgage rates rose across the board this week, some
fairly significantly. The average 30-year fixed-rate mortgage
jumped to 6.83 percent from last week's 6.71 percent. The
average 15-year fixed-rate mortgage came in at 6.45 percent
this week, up 9 basis points. And the average jumbo 30-year
fixed-rate mortgage, used for larger loans, is at 7 percent,
an increase of 12 basis points. On the adjustable side, the
average 5/1 adjustable-rate mortgage stands at 6.49 percent,
up a whopping 18 basis points from last week's 6.31 percent.
And the average one-year ARM rose 6 basis points to 6 percent.
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