30-, 15-year mortgage rates climb
From Times Wire Services
Rates on 30-year fixed-rate mortgages averaged 6.34% this week, up slightly from last week’s 6.31%, which had been the lowest level since May 17, mortgage company Freddie Mac said.
Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 5.98%, up from 5.97% last week. Rates on five-year adjustable-rate mortgages averaged 6.21%, up from 6.17%, and one-year ARMs averaged 5.65%, essentially unchanged from 5.66% last week.
The rates do not include add-on fees known as points. Thirty-year, 15-year and five-year mortgages all carried a nationwide average fee of 0.5 of a point. One-year adjustable-rate mortgages had an average fee of 0.6 of a point.
