Mortgage Rates Hold Steady With Slight Shifts; 30-Year Fixed Dips Below 7.5% as Borrowers Weigh Loan Options
• Average 30-year fixed mortgage rate is 7.45%, a slight decrease from last week
• Average 15-year fixed rate is 6.78%, an increase from last week
• Average 5/1 adjustable rate mortgage is 6.70%, a decrease from last week
• When choosing a mortgage, consider loan term 15-year or 30-year fixed rates or adjustable rates
• Mortgage rates updated daily using data from Bankrate to empower home buying and refinancing decisions