About Mortgage Rates
CNN- Mortgage rates jumped last week, pushed higher by signs of rising inflation, lifting rates on the 30-year loan to six-week highs. The average
rate for 30-year fixed-rate mortgages rose to 6.23 percent from 6.12 percent in the prior week, a Freddie Mac survey said.

In the year-ago period, the 30-year mortgage averaged 5.63 percent.

The average rate on 15-year fixed-rate mortgages rose to 5.81 percent, up from last week's 5.70 percent. A year ago, the loan averaged 5.14 percent.

Five-year adjustable-rate mortgages averaged 5.87 percent, up from 5.75 percent the previous week. In the year-ago period, the five-year averaged 5.00 percent.

One-year adjustable-rate mortgages averaged 5.33 percent, up from 5.20 percent the week prior. At this time last year, the one-year loan averaged 4.23 percent.

 

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