Mortgage rates up after jobs report
From Times Staff and Wire Reports
Rates on 30-year fixed-rate mortgages rose this week to an average of 6.40%, up from 6.37% last week, after a better-than-expected report on job growth, mortgage company Freddie Mac said.
Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 6.06% this week, up from 6.03% last week. Rates on five-year adjustable-rate mortgages averaged 6.12%, up from 6.11% last week. One-year ARMs averaged 5.73%, up from 5.58%.
The rates don’t include add-on fees known as points.
