30-year fixed-rate mortgages rise to 6.3%
From the Associated Press
Mortgage company Freddie Mac said 30-year fixed-rate mortgages averaged 6.3% this week, up from 6.28% last week.
Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, edged up to 6.03%, compared with 6.02% last week. Five-year adjustable-rate mortgages rose to 6.01%, up from 5.99% last week. One-year ARMs increased to 5.52%, up from 5.49% last week.
The mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried a nationwide average fee of 0.4 of a point. Five-year mortgages carried an average fee of 0.5 of a point while one-year mortgages carried a fee of 0.6 of a point.
