Mortgage Rates Tick Up, But Still Low

Mortgage rates inched up slightly this week due to Middle East tensions, but the increase is modest. The national average for a 30-year fixed rate is now 6.09%, up 7 basis points, while a 15-year fixed rate stands at 5.58%, up 8 basis points. Refinance rates also saw a minor uptick. Thirty-year fixed loans offer lower monthly payments but higher interest over time, while 15-year options save on interest but have higher monthly payments. Adjustable-rate mortgages start low but can increase later. Rates are expected to remain around 6% through 2026, down from recent highs near 6.50% and below last years levels. Shopping around and improving your credit score can help secure the best rate for you. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/962a80d308aa5369