Mortgage Rates Tick Up Slightly But Remain Near 7% for 30-Year and 15-Year Loans
• Today's mortgage rates for 30-year, 15-year, and 5/1 ARMs are 7.07%, 6.46%, and 6.41% respectively • Rates have increased slightly from last week • 30-year mortgages have lower monthly payments but higher rates • 15-year mortgages have higher monthly payments but lower interest rates • ARMs have an initial fixed rate and variable rate thereafter based on market conditions