Mortgage Rates Grow Slightly Higher

According to the Bankrate.com national survey of large lenders, 30-year fixed-rate mortgages increased to 4.14%, growing 0.13%  from last week while the benchmark 30-year fixed-rate jumbo mortgage jumped 0.05%. This week’s benchmark 15-year fixed-rate mortgages jumped to 3.32%, a 0.04% increase from last week and the  benchmark 5/1 adjustable-rate mortgage averaged 5.93%, the highest level seen since June of 2012. Additionally, this week’s mortgages averaged 0.32 discount and origination points. More here

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