With a third daily increase, 30-year mortgage refi rates have risen to their highest level since mid-August—rising up from the 19-month low registered in September.

As of Oct. 23, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.88%, which is 0.13 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.00%, which is 0.12 percentage points higher than yesterday.

With a slight increase Friday, 30-year mortgage refi rates are near their highest level in two months, after hitting a 19-month low in mid-September.

Meanwhile, for the week ending June 12, the number of refinancing applications jumped 10 percent compared to the previous week—nearly doubling the number of applications filed during the same week last year, according to data released by the Mortgage Bankers Association. Refinance loans made up 63 percent of all mortgage applications that week.

Mortgage rates have jumped, despite the Federal Reserve cut interest rates by a half-point last month. For homebuyers, the ever-shifting rate environment can foster uncertainty: Is it better to wait for mortgage rates to fall,

In a fluctuating financial environment, there are times when mortgage rates hit historic lows, presenting a golden opportunity for homeowners. One of the most

One of the main drawbacks to taking a 30-year mortgage is that you’ll pay significantly more in interest over the life of the loan. In the example above, total interest for the 30-year option will cost $70,450, while the 15-year will amount to $25,306. That's why it's also so important to compare mortgage lenders and what they can offer.

Mortgage rates surged to 6.44% for a 30-year fixed loan in the week ending Oct. 17—the highest in roughly two months. In the face of these elevated rates, the number of applications for home purchases went down this week.