30-year fixed mortgages inch higher

From Times Wire Services

Rates on 30-year fixed-rate mortgages averaged 6.06% this week, up slightly from 6.03% last week, mortgage company Freddie Mac said.

The average rate on 15-year, fixed-rate mortgages slipped to 5.59% from 5.62%. Five-year adjustable-rate mortgages rose to 5.73% from 5.68%. One-year adjustable-rate mortgages were 5.29%, the same as last week.

These rates do not include add-on fees known as points. For 30-year, 15-year and five-year mortgages, the nationwide average fee was 0.5 of a point. The average fee for one-year adjustable-rate mortgages was 0.6 of a point.

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