Please ensure Javascript is enabled for purposes of website accessibility

Mortgage Rates Inch Up

By Tim Brugger - Updated Mar 29, 2017 at 11:21AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Mortgage rates reverse direction and inch up across the board Wednesday.

The somewhat surprising declines in mortgage rates that homebuyers enjoyed Tuesday were short lived. As many pundits had forecast, Wednesday saw what could prove to be the beginning of the slow but steady increase that's been expected following the Federal Reserve's recent 0.25% bump in its benchmark rate. The adjustable-rate mortgage (ARM) refinance rate jumped the most, climbing 0.08%.

However, even with the bump in rates on Wednesday, homebuyers are still enjoying what are relatively inexpensive mortgage loans.

Here are the current average mortgage rates across the U.S., along with where they stood a month ago.

Mortgage Type

Mortgage Rates Today

Mortgage Rates 1 month ago

30-year fixed jumbo



30-year fixed



15-year fixed



30-year fixed refi



15-year fixed refi



5/1 ARM



5/1 ARM refi



Data source: Bloomberg. National average rates which may include points.

Not only are mortgage rates still attractive even after Wednesday's slight increases, compared to just 10 years ago they're downright cheap. For some perspective, here are a few of the rates from March 2007.

Mortgage Type

Mortgage Rates (National Average) March 2002

30-year fixed


15-year fixed


1-year ARM


5/1 ARM


Data source: Freddie Mac. Rates do not include points.

For current homeowners exploring a home equity line of credit (HELOC) or equity loan, both rates also creeped up a bit on Wednesday. HELOC and equity loan rates stand at 5.16% and 5.28%, respectively. While HELOC rates remain below last month's 5.26%, home equity loans are above February's 5.26%.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/29/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.