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Refinance Rates Inch Up

Mortgage News > Refinance Rates Inch Up
Date: 10/03/2018    Refinance Rates Inch Up

Average rates on long-term refinance mortgages crept up in the latest week according to Bankrate.com. The 30-year fixed rate refinance loan averaged 4.61%, up 0.1% from the week before. That new rate is also much higher compared to this time last year when it averaged 4.39%. However the rising rate trend may not continue as 55% of Bankrate’s surveyed experts believe rates will fall in the coming week.

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