30-, 15-Year Mortgage Rates Increase
From Associated Press
Rates on 30-year, fixed-rate mortgages averaged 6.32% this week, up from 6.26% last week, Freddie Mac reported.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 5.87%, up from 5.81% last week. One-year adjustable-rate mortgages were unchanged at 5.16%. Rates on five-year hybrid adjustable-rate mortgages averaged 5.78%, up from 5.76% last week.
The nationwide averages for mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried a nationwide average fee of 0.6 point while one-year ARMs had a 0.8 point fee and five-year hybrid ARMs carried a fee of 0.7 point.
