(Newsroom America) -- Mortgage rates increased again this week with the benchmark 30-year fixed mortgage rate rising to 3.62 percent, according to Bankrate.com's weekly national survey.
The average 30-year fixed mortgage has an average of 0.41 discount and origination points.
The average 15-year fixed mortgage rate inched up to 2.91 percent and the larger jumbo 30-year mortgage dipped slightly to 4.18 percent. Adjustable mortgage also rose this week with the 5-year ARM jumping to 2.72 percent and the 7-year ARM to climbing to 2.85 percent.
The last time mortgage rates were above 6 percent was Nov. 2008. At the time, the average 30-year fixed rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 3.59 percent, the monthly payment for the same size loan would be $911.54, a difference of $330 per month for anyone refinancing now.
30-year fixed: 3.62% -- up from 3.59% last week (avg. points: 0.41)
15-year fixed: 2.91% -- up from 2.88% last week (avg. points: 0.28)
5/1 ARM: 2.72% -- up from 2.68% last week (avg. points: 0.40)
Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets.
The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days.
Two-thirds of the panelists expect mortgage rates to remain more or less unchanged in the next seven days, while 20 percent forecast an increase. Just 13 percent foresee a decline in mortgage rates over the coming week.