Mortgage rates climb for third straight week

Hundred dollar bill folded in shape of house

Interest.com's weekly survey of major lenders, taken April 6, found the average interest rate for a:

30-year, fixed-rate mortgage rose to 5.08 from 5.01%, more than a tenth of a point higher than just three weeks ago. Still, interest rates remain lower than they were this time last year, when a 30-year loan averaged 5.35%.

15-year, fixed-rate mortgage rose to 4.27% from 4.25%. A year ago, it was 4.69%.

30-year, fixed-rate jumbo loan (for mortgages exceeding $417,000 to $729,750, depending on the city) rose to 5.57% from 5.55%. A year ago, it was 5.98%.

Five-year, adjustable-rate mortgage fell to 3.87% from 3.89%. A year ago, it was 4.55%.

Our database of mortgage rates can help you find the best deals in your area, including many that are less costly than the national averages.

You can use our mortgage calculator to determine the monthly payments for the exact amount you want to borrow with this or any home loan.

It will also provide a month-by-month amortization schedule that shows how much you've reduced your debt and how much you still owe if you want to pay off the loan.

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