30-Year Mortgage Rates Rise to 6.47%
From the Associated Press
Rates on 30-year fixed-rate mortgages rose to 6.47% this week, up from 6.44% last week, mortgage company Freddie Mac said.
Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 6.16%, up from 6.14% last week. For one-year adjustable-rate mortgages, rates rose to 5.63%, up from 5.59% last week. Rates on five-year adjustable-rate mortgages edged up to 6.14%, compared with 6.11% last week.
The rates do not include add-on fees known as points. Thirty-year and 15-year mortgages carried a nationwide average fee of 0.4 of a point. One-year adjustable-rate mortgages carried a nationwide average fee of 0.7 of a point, and five-year ARMs carried a fee of 0.5 of a point.
