Mortgage rates went up this week, coinciding with a rally in stock prices.
The benchmark 30-year fixed-rate mortgage rose 17 basis points to 6.12 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.4 discount and origination points. One year ago, the mortgage index was 6.25 percent; four weeks ago, it was 6.32 percent.
The benchmark 15-year fixed-rate mortgage also rose 17 basis points to 5.7 percent. The benchmark 5/1 adjustable-rate mortgage fell 12 basis points to 6.04 percent. The 30-year jumbo rose 15 basis points to 7.52 percent.
