- 4.1% (30-year fixed)
- 0.23 (average points)
Mortgage rates moved up this week, according to Bankrate's latest survey of interest rates.
The average rate for a 30-year fixed-rate mortgage rose 5 basis points to 4.1 percent. The 15-year fixed-rate mortgage rose 6 basis points to 3.27 percent. A basis point is one-hundredth of 1 percent.
The 30-year jumbo mortgage inched up 1 basis point to 4.11 percent. A jumbo mortgage typically is a loan that exceeds $417,000.
The 5/1 adjustable-rate mortgage rose 3 basis points to 3.17 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.