Rates Rise This Week on Mixed Economic Reports

The benchmark 30 year fixed rate mortgage increase 19 basis points from 5.83% to 6.02% according to a MortgageLoan.com national survey of mortgage lenders.

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The week was relatively calm compared to prior weeks, with no Fed actions, and no big surprises in the economic reports. The news however was largely a mixed bag. Housing was reported stronger than expected, consumer confidence was reported as weaker than expected, but Consumer income and outlays were reported higher than expected.

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National Rates

Loan Type Today
30 Year Fixed   6.05
15 Year Fixed   5.73
5/1 Adjustable   5.78

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