Karl Mondon/Getty Images A variety of important mortgage rates saw growth Friday. While 15-year fixed mortgage rates were the same, interest rates on 30-year fixed mortgages inched up. We also saw a rise in the average rate of 5/1 adjustable-rate mortgages. Although mortgage rates are always changing, they are quite low right now. For those
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Text size Treasury yields climbed Thursday after a couple of economic data points indicated a continued U.S. recovery and amid reports that a coming budget proposal from the White House would, if adopted, boost federal spending to the highest levels since World War II. The economic recovery is among the factors driving Treasury yields higher.
Some mortgage rates are higher today, including the fixed-rate for 30-year and 15-year mortgages. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also inched up. Mortgage rates have been rather consistently going up since the start of this year, and are expected to climb throughout 2022. Of course,