On Monday, Nerdwallet released the average mortgage rates in the country.
| Date | 30-Year | 15-Year | 5-Year ARM |
|---|---|---|---|
| 1/9 | 6.29% | 5.61% | 6.57% |
| 1/17 | 6.13% | 5.28% | 6.61% |
| 1/23 | 6.22% | 5.26% | 6.64% |
| 1/30 | 6.24% | 5.30% | 6.63% |
| 2/6 | 6.24% | 5.46% | 6.62% |
| 2/13 | 6.72% | 5.77% | 6.79% |
| 2/21 | 6.79% | 5.84% | 6.82% |
| 2/27 | 6.93% | 6.11% | 6.91% |
| 3/6 | 7.09% | 6.06% | 7.05% |
| 3/13 | 7.88% | 5.29% | 6.99% |
| 3/20 | 6.49% | 5.84% | 6.83% |
| 3/27 | 6.85% | 5.89% | 6.78% |
| 4/3 | 6.91% | 6.10% | 6.90% |
| 4/10 | 6.66% | 5.81% | 6.96% |
| 4/17 | 6.71% | 5.97% | 7.16% |
| 4/24 | 6.57% | 5.70% | 7.21% |
| 5/1 | 6.60% | 5.70% | 7.12% |
| 5/8 | 6.72% | 5.59% | 7.13% |
| 5/15 | 6.50% | 5.64% | 7.15% |
| 5/22 | 6.81% | 5.97% | 7.47% |
| 5/30 | 7.28% | 6.34% | 7.50% |
| 6/5 | 6.67% | 5.90% | 7.39% |
| 6/12 | 6.85% | 5.98% | 7.50% |
| 6/20 | 6.83% | 6.16% | 7.51% |
| 6/26 | 6.64% | 5.91% | 7.50% |
| 7/5 | 6.81% | 6.13% | 7.63% |
| 7/10 | 6.81% | 6.13% | 7.62% |
| 7/17 | 6.737% | 5.898% | 7.568% |
| 7/24 | 6.846% | 5.965% | 7.575% |
| 7/31 | 6.883% | 6.131% | 7.547% |
| 8/7 | 6.882% | 6.292% | 7.639% |
| 8/14 | 7.169% | 6.266% | 7.899% |
| 8/21 | 7.387% | 7.376% | 7.984% |
| 8/28 | 7.251% | 6.542% | 8.166% |
| 9/6 | 7.298% | 6.486% | 8.044% |
| 9/11 | 7.334% | 6.442% | 8.079% |
| 9/25 | 7.441% | 6.650% | 8.152% |
| 10/2 | 7.500% | 6.719% | 8.172% |
| 10/10 | 7.687% | 6.721% | 8.123% |
| 10/16 | 7.588% | 6.704% | 8.015% |
| 10/23 | 7.946% | 6.997% | 8.189% |
All three rates we track shot up week to week with the 30-year fixed having the largest increase of .358%. The Federal Reserve meets 10/31-11/1. Though they didn’t raise rates after the last meeting, they did say that there was room for rates to go up again pending the economic outlook.
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Link to full Nerdwallet article: https://www.nerdwallet.com/article/mortgages/mortgage-interest-rates-forecast