Mortgage rates jumped across the board this week after positive news from the U.S. trade talks with China.
The benchmark 30-year fixed-rate mortgage rose this week to 3.92 percent from 3.77 percent, according to Bankrate’s weekly survey of large lenders. A year ago, it was 5.01 percent. Four weeks ago, the rate was 3.97 percent. The 30-year fixed-rate average for this week is 1.18 percentage points below the 52-week high of 5.10 percent, and is 0.18 percentage points higher than the 52-week low of 3.74 percent.
Here’s a snapshot of mortgage rates:
- The 15-year fixed-rate mortgage rose to 3.23 percent from 3.15 percent.
- The 5/1 adjustable-rate mortgage rose to 3.63 percent from 3.50 percent.
- The 30-year fixed-rate jumbo mortgage rose to 3.84 percent from 3.76 percent.
