- 3.67% (30-year fixed)
- 0.32 (average points)
Mortgage rates spiked this week as investors reacted to speculation that the Federal Reserve could end its bond-buying program this year.
The 30-year fixed-rate mortgage rose 9 basis points to 3.67 percent. A basis point is one-hundredth of 1 percentage point.
The 15-year fixed-rate mortgage rose 4 basis points to 2.92 percent. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, rose 2 basis points to 4.1 percent.
The 5/1 adjustable-rate mortgage rose 1 basis point to 2.77 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.
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