Current Mortgage Rates for March 21, 2022: Rates Move Higher

Jeff Greenberg/Getty A few major mortgage rates saw growth today. The average interest rates for both 15-year fixed and 30-year fixed mortgages both trended upward. At the same time, average rates for 5/1 adjustable-rate mortgages also lifted. 30-year fixed-rate mortgages The average interest rate for a standard 30-year fixed mortgage is 4.55%, which is a growth of 22 basis points compared to one week ago. (A basis point is equivalent to 0.01%.) The most frequently used loan term is a 30-year fixed mortgage. A 30-year fixed mortgage will often have…

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