Industry News

Overnight mortgage rates rise

30-year up at 5.42%

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Long-term mortgage interest rates inched higher Monday, according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5. The 30-year fixed-rate average rose to 5.42 percent, and the 15-year fixed-rate climbed to 4.81 percent. The 1-year adjustable was up slightly at 3.21 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....