Rates fall for 30-, 15-year mortgages
From Times Wire Services
Interest rates on 30-year, fixed-rate mortgages averaged 6.63% this week, down from 6.67% last week, mortgage company Freddie Mac said.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, fell to 6.30% from 6.34%. Five-year adjustable-rate mortgages averaged 6.29%, down from 6.30%. One-year adjustable-rate mortgages rose to 5.71% from 5.65% last week.
The rates do not include add-on fees known as points. All mortgage types carried a nationwide average fee of 0.4 of a point last week.
