Mortgage Rates Climb Slightly for Various Loan Types

Today's average interest rates for 30-year and 15-year fixed mortgages have increased marginally, reflecting broader economic conditions.

The current average rate for a 30-year fixed mortgage is approximately 6.87%, up from 6.83%.
15-year fixed mortgage rates have risen to about 6.22%, compared to 6.04% previously.
Jumbo mortgage rates now average 7.04%, a slight increase from 7.02%.
Experts suggest strategies like buying mortgage points and improving credit scores to secure lower rates.
Understanding different mortgage types and their rates can help buyers make informed decisions.