30 Year Fixed Rate Mortgage Trending Up

It appears that the 30-year fixed mortgage rate has been trending up since early September, after it dropped from a peak of 5.50 in mid August. Many speculations can be made about rates, and how they impact buying decisions, so speak with your Lender about what it would mean to lock in now versus in another three months.

Average rates on 30-year fixed mortgages in Boulder Colorado rose 3 basis points to 5.58 on Wednesday. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.60 discount and origination points.