The average rate on a 30-year fixed mortgage is 7.40%, and on a 15-year fixed-rate mortgage, it’s 6.64%. The average rate on a 30-year jumbo mortgage is 7.37%.

The average mortgage rate for 30-year fixed loans rose today to 7.40% from 7.22% last week, according to data from Curinos. This is the same as last month’s 7.40% and up from a year ago when it was 5.87%.

At the current 30-year fixed rate, you’ll pay about $698 each month for every $100,000 you borrow — up from about $687 last week.

Ready to buy? Compare the best mortgage lenders.

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https://www.usatoday.com/money/blueprint/mortgages/mortgage-rates-03-18-24/

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