The average rate for a 30-year fixed-rate mortgage is up to 3.09% today, according to Freddie Mac. Last week the average 30-year rate was 3.05%. It’s the second week in a row where the Freddie Mac’s rate has increased and stayed above 3%.
The rate for 15-year fixed-rate mortgage is also than a week ago at 2.33%. On the other hand, the 5/1 adjustable-rate mortgage ticked down to 2.54%, which is 0.01 percentage points lower than last week.