Rates rise on 30-, 15-year mortgages
From Times Wire Services
Rates on 30-year fixed mortgages averaged 6.14% this week, up from 6.11% last week and the highest since the week of Nov. 21, when rates averaged 6.20%, mortgage company Freddie Mac said.
Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, rose to 5.79% from 5.78% last week.
For five-year adjustable-rate mortgages, rates increased to 5.90%, compared with 5.89% last week. Rates on one-year adjustable-rate mortgages moved to 5.51% from 5.50% last week.
These rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried an average fee of 0.4 of a point while five-year ARMs had a fee of 0.5 of a point. The one-year ARM carried an average fee of 0.6 of a point.
