U.S. Mortgage Rates See Slight Increases Across Most Terms
Latest data shows minor upticks in 30-year and 15-year mortgage rates, with slight variations across different loan types.
- The average rate for a 30-year fixed mortgage is now 6.885%, up from 6.852%.
- 30-year jumbo mortgage rates have risen to 7.207% from 7.167%.
- 15-year fixed mortgage rates have increased to 6.125%, up by 0.125 percentage points.
- Rates for FHA, VA, and USDA loans show minor fluctuations, with some decreases observed.
- Economic conditions, inflation, and Federal Reserve policies continue to influence mortgage rate trends.