Several benchmark mortgage rates moved higher today. The average rates on 30-year fixed and 15-year fixed mortgages both increased. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also trended upward.
Rates for mortgages change daily, but they have remained in a historically low range for quite some time. If you’re in the market for a mortgage, it could make sense to go ahead and lock if you see a rate you like. Just be sure to shop around.