Here’s what the difference in monthly home payments look like with different mortgage rates

‘This rate stability is a positive sign for both buyers and sellers, as it helps provide greater certainty in the housing market,’ Freddie Mac noted - (Getty Images)

The average rates on 30-year and 15-year fixed-rate mortgages ticked up slightly over the past week, according to Freddie Mac’s Primary Mortgage Market Survey.

Average rates for 30-year mortgages rose from 6.24 percent to 6.26 percent while 15-year rates rose from 5.49 percent to 5.54 percent.