Mortgage Rates See Mixed Movements with 30-Year Rates Rising Above 7%

Recent data shows varied trends in mortgage rates, with 30-year fixed rates climbing while 15-year rates remain stable or decline.

The average 30-year fixed mortgage rate has risen to 7.03%, marking a notable increase from previous weeks.
15-year fixed mortgage rates have shown stability, with some sources reporting slight decreases to around 6.24%.
Jumbo mortgage rates for 30-year terms have also increased slightly, averaging around 7.17%.
Freddie Mac's weekly survey indicates a drop in 30-year rates to 6.94%, highlighting differences in daily and weekly reporting methodologies.
Economic factors such as inflation and Federal Reserve policies continue to influence mortgage rate trends.