Rates on 15-, 30-year fixed mortgages fall
From the Associated Press
Mortgage company Freddie Mac said 30-year fixed-rate mortgages averaged 6.16% nationwide this week, down slightly from 6.17% last week.
Rates on 15-year fixed-rate mortgages dropped to 5.87% from 5.89% last week. Five-year adjustable-rate mortgages averaged 5.88%, compared with 5.92% last week. One-year adjustable-rate mortgages fell to 5.43% from 5.45% last week.
These rates do not include add-on fees known as points. Thirty-year and 15-year mortgages both carried a nationwide average fee of 0.5 of a point. Five-year and one-year ARMs carried an average fee of 0.7 of a point.
