The average 30-year fixed-mortgage rate is 3.66 percent, up 4 basis points over the last week. A month ago, the average rate on a 30-year fixed mortgage was higher, at 3.78 percent.

Multiple key mortgage rates notched higher this week. The average rates on 30-year fixed and 15-year fixed mortgages both cruised higher. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also climbed higher.

The average 30-year fixed-mortgage rate is 3.66 percent, up 4 basis points over the last week. A month ago, the average rate on a 30-year fixed mortgage was higher, at 3.78 percent.

At the current average rate, you’ll pay principal and interest of $458.02 for every $100,000 you borrow. That’s an additional $2.25 per $100,000 compared to last week.

The average 15-year fixed-mortgage rate is 3.14 percent, up 2 basis points since the same time last week.

Monthly payments on a 15-year fixed mortgage at that rate will cost around $697 per $100,000 borrowed. The bigger payment may be a little harder to find room for in your monthly budget than a 30-year mortgage payment 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 3.56 percent, climbing 25 basis points over the last 7 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 3.56 percent would cost about $452 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.

In the week ahead, 50 percent of the experts predict rates will rise, 10 percent say rates will fall and 40 percent predict rates will remain relatively unchanged (plus or minus 2 basis points).

Greg McBride, Senior vice president and chief financial analyst at Bankrate.com, is among those seeing rates continuing to rise. He said, “The Fed is on hold, the economy is in good shape and the coronavirus appears unlikely to have a material impact on the U.S. economy. With this backdrop, a slight upward drift in mortgage rates is likely.”

Jim Sahnger, a mortgage planner with the C2 Financial Corporation, adds, “Time and stocks continue to march on. Coronavirus fears have abated for the most part and the stock rally continues to impress at the expense of bonds. Economically speaking, the employment report as well as other data has been positive. Fed Chair Powell’s comments to Congress haven’t spooked anyone and aside from anything unforeseen, rates should tick higher. If you haven’t taken advantage of these great interest rates, don’t miss out.”

Elizabeth Rose, a certified mortgage planning specialist at AmCap Home Loans, said, “And the beat goes on… Employment is strong, inflation is low. Stocks around the globe are getting a boost thanks to China signaling more stimulus to promote growth. It’s worth remembering that bonds are still trading at their best levels since last September. It doesn’t appear they will improve any from here in the near future. With strong support levels, I anticipate bonds will continue a sideways pattern and mortgage rates remain unchanged in the coming week. The outlier continues to be the coronavirus which could move the markets if things get worse.”

Mitch Ohlbaum, President of Macoy Capital Partners, said, “Unchanged, the 10-year is trading at 1.628 percent and has barely moved in the last week. As I mentioned last week, stocks are climbing and any concerns about the coronavirus having a major impact on the global markets are waning. We are still waiting to get Q4 figures and the expectation is that they will be good, which would mean that the market was right and the Fed will need to lower rates as we move farther into 2020.”