BANKING & FINANCE - Nov. 23, 1995

30-Year Fixed-Rate Mortgages Stay Steady: Thirty-year, fixed-rate mortgages averaged 7.35% this week, unchanged from last week, according to a national survey by the Federal Home Loan Mortgage Corp. The rate remains at the lowest level since Feb. 24, 1994, when rates averaged 7.32%. Rates have fallen from a recent high of 9.25% the week of Nov. 23, 1994. On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.61%, down from 5.65% last week. Fifteen-year mortgages, a popular option for those refinancing mortgages, averaged 6.85% this week, down from 6.86% a week earlier. The rates do not include add-on fees known as points.