The average 30-year fixed-mortgage rate is 3.75 percent, an increase of 6 basis points from a week ago. A month ago, the average rate on a 30-year fixed mortgage was higher, at 3.88 percent.

Multiple benchmark mortgage rates trended upward this week. The average rates on 30-year fixed and 15-year fixed mortgages both increased. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also floated higher.

The average 30-year fixed-mortgage rate is 3.75 percent, an increase of 6 basis points from a week ago. A month ago, the average rate on a 30-year fixed mortgage was higher, at 3.88 percent.

At the current average rate, you’ll pay a combined $463.12 per month in principal and interest for every $100,000 you borrow. That’s up $3.40 from what it would have been last week.

The average 15-year fixed-mortgage rate is 3.10 percent, up 3 basis points over the last week.

Monthly payments on a 15-year fixed mortgage at that rate will cost around $695 per $100,000 borrowed. That may put more pressure on your monthly budget than a 30-year mortgage would, but it comes with some big advantages: You’ll come out several thousand dollars ahead over the life of the loan in total interest paid and build equity much more rapidly.

The average rate on a 5/1 ARM is 3.97 percent, up 8 basis points over the last seven days.

These types of loans are best for those who expect to sell or refinance before the first or second adjustment. Rates could be substantially higher when the loan first adjusts, and thereafter.

Monthly payments on a 5/1 ARM at 3.97 percent would cost about $476 for each $100,000 borrowed over the initial five years, but could ratchet higher by hundreds of dollars afterward, depending on the loan’s terms.

Michael Becker, a branch manager at Sierra Pacific Mortgage, is among the 50 percent of experts who see rates going back down. He said, “For those looking for evidence that the slowing global economy and trade war with China could result in a slowing U.S. economy, they got it with the ISM manufacturing index that came out Tuesday morning. For the first time in three years that index showed a contraction in U.S. manufacturing, and the new export order component of the report fell steeply into contraction territory. This report will have markets concerned about slowing growth and the increasing likelihood of a recession in the US in coming months or quarters. This concern will lead to lower rates in the coming week.”

Dick Lepre, a senior loan officer at RPM Mortgage, says, “The techs are still bullish and I see the 10-year Treasury falling below 1.4 percent. Mortgages rates have not benefitted because buyers of MBS are concerned that rates will continue to fall and that yield spread premiums will result in losses. In any case, fixed rates should be lower than they are. Buying of U.S. Treasury debt is driven by concern of recession in the E.U. and Latin America. No one knows just how low this flight-to-quality buying can drive down Treasury yields. Talk of recession here is premature as long as consumer spending remains strong, the jobs market remains strong and money supply growth is at a healthy 5 percent.”

Greg McBride, senior vice president and chief financial analyst at Bankrate.com, adds, “It’s no longer just the inverted yield curve sending economic warning signals, but now a contraction in the manufacturing sector. Yes, the consumer remains strong but as worries mount, this will keep the downward pressure on bond yields and mortgage rates.”

Among the 42 percent of experts who see rates staying the same are Logan Mohtashami, a senior loan officer at the AMC Lending Group. He said, “We are kind of in limbo land here with bond yields. We are close to testing cycle lows, and we have broken key technical levels to where yields can fall a lot more. However, we need more bad economic data or bad headlines to take us there. PMI data was a negative print this week, but Brexit 2.0 might be off the headline wire until next year. So, for now, keep an eye out around 1.38 to 1.43 percent on the low end and 1.64 percent on the high end. I always hold the line around here with the bond market, but I do understand that more negative headlines, trade war tweets or weaker economic data can take us lower.”

Derek Egeberg, a certified mortgage planning specialist and branch manager at Academy Mortgage, said, “Given the stock market current volume and pace, along with the continued discussions on China and trade tariffs, look for rates to settle in.”