15-year fixed rate mortgages also increased from 5.89% to 5.93%. Meanwhile, the 5-year adjustable rate mortgage rose to 5.98%, up from 5.96% last week.
1-year adjustable rates came in at 5.47%, an increase from the previous week's rate of 5.44%.
Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):
| Rates This Week | Last Week's Rate | |
| 30-year Fixed | 6.18% | 6.13% |
| 15-year Fixed | 5.93% | 5.89% |
| 5-year ARM | 5.98% | 5.96% |
| 1-year ARM | 5.47% | 5.44% |
Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Lock your Rate or Float?
