Mortgage ratesÃ‚Â moved sharplyÃ‚Â higherÃ‚Â today, bringing the average top tier 30yr fixed quote back to 4.25% from 4.125% previously. Ã‚Â That doesn't exactly mean that rates are .125%, depending on your perspective. Ã‚Â While the actual rate applied to loan balances is .125% higher on average, the amount of interest paid in conjunction with a mortgage is also depends on upfront costs. Ã‚Â In cases where borrowers are being quoted .125% higher in rate today, those upfront costs are generally lower. Ã‚Â If we express those costs in terms of rate, the actual day-over-day change is 0.07%. Ã‚Â That may not seem like much, but it's the biggest increase in well over a month.