The benchmark 30-year fixed-rate mortgage rose this week to 3.87 percent, up 13 basis points from 3.74 percent a week ago, according to Bankrate’s weekly survey of large lenders. A year ago, the 30-year fixed mortgage rate was 4.78 percent and four weeks ago it was 3.81 percent.

“Mortgage rates jumped this week as bond yields rebounded from multi-year lows,” says Greg McBride, CFA, Bankrate’s chief financial analyst. “The ‘glass half full’ outlook on trade — for this week anyway — had investors selling off safe-haven bonds.”

Despite the steep jump, McBride says there’s still time for homebuyers and those looking to refinance (if they haven’t jumped on the wagon yet) to act.

“At sub-4 percent, the refinancing window is still open and mortgage rates are a full percentage point lower than they were this time last year,” McBride says. “There’s no need to panic, especially as fluid as the trade situation continues to be.”

Mortgage rates this week

The 30-year fixed-rate average for this week is 1.23 percentage points below the 52-week high of 5.10 percent, and is 0.13 percentage points greater than the 52-week low of 3.74 percent.

The 30-year fixed mortgages in this week’s survey had an average total of 0.32 discount and origination points.

Over the past 52 weeks, the 30-year fixed has averaged 4.44 percent. This week’s rate is 0.57 percentage points lower than the 52-week average.

  • The 15-year fixed-rate mortgage rose to 3.22 percent from 3.11 percent.
  • The 5/1 adjustable-rate mortgage rose to 3.71 percent from 3.50 percent.
  • The 30-year fixed-rate jumbo mortgage rose to 3.81 percent from 3.71 percent.

At the current 30-year fixed rate, you’ll pay $469.95 each month for every $100,000 you borrow, up from $462.55 last week.

At the current 15-year fixed rate, you’ll pay $701.21 each month for every $100,000 you borrow, up from $695.88 last week.

At the current 5/1 ARM rate, you’ll pay $460.85 each month for every $100,000 you borrow, up from $449.04 last week.

Results of’s weekly national survey of large lenders conducted September 11, 2019 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: 3.87% 3.22% 3.71%
Change from last week: +0.13 +0.11 +0.21
Monthly payment: $775.42 $1,157.00 $760.40
Change from last week: +$12.22 +$8.79 +$19.48

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.