30-year mortgage rates rise
From Times Wire Services
Rates on 30-year fixed-rate mortgages averaged 6.37% this week, up from 6.35% last week, mortgage company Freddie Mac said.
Average rates on 15-year fixed-rate mortgages, a popular choice for refinancing, slipped to 5.91% from 5.92%. Five-year adjustable-rate mortgages rose to 5.82% from 5.78%, while average rates on one-year ARMs held steady at 5.17%.
These rates do not include add-on fees known as points. The nationwide fee for 30-year, 15-year and five-year mortgages all averaged 0.6 of a point this week. The fee on one-year mortgages averaged 0.5 of a point.
