The average mortgage rate on a 30-year fixed mortgage is 7.09%, while the rate on a 15-year mortgage is 6.26%.The average rate on a 30-year mortgage has increased from 7.04% to 7.09% compared to the previous week.The APR on a 30-year fixed-rate mortgage is 7.11%, up from 7.03% last week.For a $100,000 mortgage with a 30-year fixed rate of 7.09%, the monthly payment is approximately $671 in principal and interest.