The average 30-year fixed-mortgage rate is 3.80 percent, an increase of 6 basis points over the last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 3.71 percent.

Mortgage rates moved in different directions this week, but one key rate trended upward. The average for a 30-year fixed-rate mortgage saw an increase, but the average rate on a 15-year fixed decreased. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages were down.

The average 30-year fixed-mortgage rate is 3.80 percent, an increase of 6 basis points over the last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 3.71 percent.

At the current average rate, you’ll pay $465.96 per month in principal and interest for every $100,000 you borrow. That’s an additional $3.41 per $100,000 compared to last week.

The average 15-year fixed-mortgage rate is 3.25 percent, down 3 basis points over the last week.

Monthly payments on a 15-year fixed mortgage at that rate will cost around $703 per $100,000 borrowed. Yes, that payment is much bigger than it would be on a 30-year mortgage, but it comes with some big advantages: You’ll save thousands of dollars 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 3.43 percent, down 54 basis points over the last week.

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 3.43 percent would cost about $445 for each $100,000 borrowed over the initial five years, but could climb hundreds of dollars higher afterward, depending on the loan’s terms.

David Kuiper, vice president at the Northpointe Bank, is among the 46 percent of experts who believe rates will keep going up. He said, “Rates will increase (but only slightly). Improvements in the U.S.-China trade tension situation and encouraging employment numbers have mortgage-backed securities retreating slightly from the lofty levels they’ve been at.

“Remember, positive economic news causes bond yields to decrease and interest rates to increase. At this time, it would be prudent to lock in your interest rate if you anticipate closing in the next 30 days or so. With that being said, interest rates are still incredible and remain near historic lows, making this an ideal time to take advantage of this interest rate environment, whether you are looking to buy, build or refinance.”

Dick Lepre, a senior loan officer at RPM Mortgage, joins the 39 percent of experts seeing rates holding steady. He said, “The techs are ever so slightly bearish (lower prices, higher yields) which merits a “flat” call. In the long run (next 6 months) the techs appear set up for the start of a bear market (higher rates.)

“The Fed’s increase in money supply consequent to reopening of the repo desk is still not explained. It seems that no one knows if this is being caused by one bank’s liquidity problem or if it a consequence of the tightened liquidity coverage ratios. Keeping the public in the dark while a solution is worked on makes sense only if a solution is eventually worked out.

Logan Mohtashami, a senior loan officer at AMC Lending Group, said, “This is a headline-driven market for yields. The 10-year yield was at 1.82 percent, and once the missiles were launched in the middle east, we went all the way down to 1.72 percent, and today, we got as high as 1.86 percent. Oil priced spiked in a small way but have fallen back down after both events in the Middle East. The economic data is holding up at bay well so we stick to the game plan that unless the bond market is headline-driven down, we will need to see better growth data to get over 1.94 percent and higher

Mitch Ohlbaum, a loan officer with Macoy Capital Partners, adds, “Rates will stay unchanged. The 10-year Treasury is currently trading at 1.823 percent and is slightly down from Dec. 30 when we were at 1.919 percent, which is a very slight change. Mortgage rates remain relatively unchanged as banks and lenders keep rates up artificially to slow applications and keep from deteriorating their own portfolio of loans. Do not expect much change until we start to receive fourth-quarter economics.”