Mortgage Interest Rates Forecast
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Mortgage rates this week
Mortgage rates bounced higher in the week ending Feb. 13 in response to rising inflation.
The 30-year fixed-rate mortgage averaged 6.84% APR, up three basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.
The 15-year fixed-rate mortgage averaged 6.05% APR, up six basis points from the previous week's average.
The 5-year adjustable-rate mortgage averaged 7.26% APR, up one basis point from the previous week's average.
The Labor Department announced Wednesday that the consumer price index rose in January, with core prices climbing 3.3% compared to a year before. The inflation rate was higher than most forecasts. The surprise could keep mortgage interest rates elevated into the prime homebuying months.
Mortgage loans from our partners
on New American Funding
on New American Funding
on GO Mortgage
GO Mortgage
4.0
NerdWallet rating4.0
NerdWallet ratingon GO Mortgage
Mortgage loans from our partners
on New American Funding
on New American Funding
on GO Mortgage
GO Mortgage
4.0
NerdWallet rating4.0
NerdWallet ratingon GO Mortgage
