The mortgage market interest rate have trickled up a bit due to a strong showing in the employment are. Plenty of people are refinancing there homes into a fixed rate payment plan, out of the adjustable rate plans they were currently experiencing.

Here are the average interest rates in the West:

Fixed Rate Mortgages

Average Conventional 30-Year Commitment Rate – 6.18%
Fees and Points – 0.6%

Average Conventional 15-Year Commitment Rate – 5.86%
Fees and Points – 0.7%

5/1 – Year Adjustable-Rate Mortgages

First Commitment Rate – 5.90%
Fees and Points – 0.7%
Margin – 2.74%

One-Year Adjustable-Rate Mortgages

First Commitment Rate – 5.40%
Fees and Points – 0.7%
Margin – 2.74%

Source: Freddie Mac