- 4.55% (30-year fixed)
- 0.37 (average points)
Mortgage rates jumped this week amid stronger-than-expected growth in the private-sector labor market.
The 30-year fixed-rate mortgage rose 11 basis points to 4.55 percent. A basis point is one-hundredth of 1 percentage point.
The 15-year fixed-rate mortgage rose 15 basis points to 3.62 percent. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, rose 12 basis points to 4.57 percent.
The 5/1 adjustable-rate mortgage rose 4 basis points to 3.33 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.