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The 30-year fixed rate continued its steady climb, from 5.06 percent last week to 5.10 percent, according to data from’s weekly survey of the nation’s largest mortgage lenders. Likewise, the 15-year fixed-rate mortgage climbed 5 basis points to 4.46 percent and the 5/1 adjustable-rate mortgage added 7 basis points from last week, bringing it to 4.45 percent.

September home price increases slowed

Entry-level homebuyers looking for a breather in a pricey market with scant inventory got little reprieve, according to CoreLogic’s monthly Home Price Index report for September.

Although price increases slackened, showing the most sluggish year-over-year increases since January 2017, they were still on the rise.

There was a 5.6 percent increase from this time last year. Western states, led by Nevada and Idaho, saw the most drastic bumps in price growth, both boasting double-digit numbers.

“The pace of home price increases is slowing, but the prices are still increasing. Add to that the increases in mortgage rates of late, and the affordability squeeze continues,” says Greg McBride, CFA, Bankrate’s chief financial analyst. “That home prices aren’t rising as fast as they once were is little consolation to a buyer who still faces the prospect of having to borrow more money and at a higher rate than at any time since early 2011.”

Mortgage rates this week

The benchmark 30-year fixed-rate mortgage rose this week to 5.10 percent from 5.06 percent, according to Bankrate’s weekly survey of large lenders. A year ago, it was 4.04 percent. Four weeks ago, the rate was 5.04 percent. The 30-year fixed-rate average for this week is identical to the 52-week high of 5.10 percent, and is 1.06 percentage points above the 52-week low of 4.04 percent.

The 30-year fixed mortgages in this week’s survey had an average total of 0.33 discount and origination points.

Over the past 52 weeks, the 30-year fixed has averaged 4.59 percent. This week’s rate is 0.51 percentage points higher than the 52-week average.

  • The 15-year fixed-rate mortgage rose to 4.46 percent from 4.41 percent.
  • The 5/1 adjustable-rate mortgage rose to 4.45 percent from 4.38 percent.
  • The 30-year fixed-rate jumbo mortgage rose to 4.97 percent from 4.92 percent.

At the current 30-year fixed rate, you’ll pay $542.95 each month for every $100,000 you borrow, up from $540.49 last week.

At the current 15-year fixed rate, you’ll pay $762.95 each month for every $100,000 you borrow, up from $760.40 last week.

At the current 5/1 ARM rate, you’ll pay $503.72 each month for every $100,000 you borrow, up from $499.58 last week.

Results of’s weekly national survey of large lenders conducted November 7, 2018 and the effect on monthly payments for a $165,000 loan:

Weekly national mortgage survey
Breakdown 30-year fixed 15-year fixed 5-year ARM
This week’s rate: 5.10% 4.46% 4.45%
Change from last week: +0.04 +0.05 +0.07
Monthly payment: $895.87 $1,258.87 $831.14
Change from last week: +$4.05 +$4.21 +$6.83

The “ National Average,” or “national survey of large lenders,” is conducted weekly. The results of this survey are quoted in our weekly articles and national media outlets. To conduct the National Average survey, Bankrate obtains rate information from the 10 largest banks and thrifts in 10 large U.S. markets. In the national survey, our Market Analysis team gathers rates and/or yields on banking deposits, loans and mortgages. We’ve conducted this survey in the same manner for more than 30 years, and because it’s consistently done the way it is, it gives an accurate national apples-to-apples comparison.