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30-year fixed-rate mortgages rise to 6.18%

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From the Associated Press

Mortgage company Freddie Mac said 30-year fixed-rate mortgages averaged 6.18% this week, up from 6.13% last week but well below the high point for this year of 6.8% in July.

Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, rose to 5.93%, up from 5.89% last week. Five-year adjustable-rate mortgages rose to 5.98%, up from 5.96% last week, and one-year adjustable-rate mortgages increased to 5.47%, up from 5.44% last week.

These rates do not include add-on fees known as points. Thirty- and 15-year mortgages each carried a nationwide average fee of 0.4 of a point. Five-year mortgages had an average fee of 0.5 of a point, and one-year mortgages carried a fee of 0.6 of a point.

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