Mortgage Rates Are Mixed, Agency Reports

Rates for fixed-rate mortgages fell this week, but adjustable-rate mortgages moved higher, the Federal Home Loan Mortgage Corp. said. Average rates on 30-year, fixed-rate loans fell to 7.64% from 7.74% last week, the agency said. Fifteen-year, fixed-rate loans fell to an average 7.16% from 7.21%. Adjustable-rate loans rose to an average 5.57% from 5.53% last week. A year ago, 30-year loan rates averaged 7.11%, the 15-year rate stood at 6.65% and one-year adjustable loans were 5.55%. Lenders charged an average 1.7% in fees and points on 30- and 15-year loans in the week, both down from 1.8% last week. They charged 1.3% on one-year adjustable loans, down from 1.4%, the agency said.