Mortgage Rates Up Slightly This Week
From Associated Press
The average rate on 30-year, fixed-rate mortgages rose to 5.40% from 5.38% last week, Freddie Mac said.
For 15-year, fixed-rate mortgages, rates this week increased slightly to 4.70% from 4.69% last week.
Rates for one-year adjustable-rate mortgages fell to 3.36%, down from 3.39% last week and the lowest since Freddie Mac began them in 1984.
The nationwide averages for mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried an average fee of 0.7 point this week, while one-year ARMs carried an average fee of 0.6 point.
