Multiple key mortgage rates moved higher today. The average for a 30-year fixed-rate mortgage trended upward, but the average rate on a 15-year fixed was down. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, trended upward.
Mortgage rates are in a constant state of flux, but overall, they are very low by historical standards. If you’re in the market for a mortgage, it could make sense to go ahead and lock if you see a rate you like. Just be sure to shop around.
Click here to view current mortgage interest rates!
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