- 4.33% (30-year fixed)
- 0.3 (average points)
Mortgage rates inched up this week.
The 30-year fixed-rate mortgage rose 6 basis points to 4.33 percent, while the 15-year fixed-rate mortgage rose 4 basis points to 3.46 percent.
A basis point is one-hundredth of 1 percent.
The average rate for a 30-year jumbo mortgage rose 2 basis points to 4.37 percent. A jumbo mortgage is generally a loan of more than $417,000.
The 5/1 adjustable-rate mortgage rose 6 basis points to 3.35 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.