The average rate on a 30-year fixed mortgage is 7.46%, and on a 15-year fixed-rate mortgage, it’s 6.68%. The average rate on a 30-year jumbo mortgage is 7.35%.
The average mortgage rate for 30-year fixed loans rose slightly today to 7.46% from 7.44% last week, according to data from Curinos. This is up from last month’s 7.14% and up from a year ago when it was 6.11%.
At the current 30-year fixed rate, you’ll pay about $704 each month for every $100,000 you borrow — up from about $706 last week.
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