Jumbo 30-Year Mortgage Rates Reach Recent High While Others Remain Flat

Mortgage rates remained mostly unchanged on Friday, except for jumbo 30-year and jumbo 7/6 ARM averages, which saw a notable increase. The jumbo 30-year average is estimated to be at least a 14-year high, reaching that mark nine times since May 26. Refinancing rates for 30-year loans gave up 13 basis points, while the 15-year refi average marked time. The Federal Reserve paused rate hikes at its latest meeting, keeping the fed funds rate at the current range of 5.00% to 5.25%, but hinted that more rate hikes at future meetings could happen.