BUSINESS BRIEFING / REAL ESTATE
Times Wire Reports
Average rates on 30-year fixed-rate mortgages rose to 4.91% this week from 4.82% a week earlier, mortgage company Freddie Mac said.
The average rate on a 15-year fixed-rate mortgage increased to 4.53% this week from 4.5%. Five-year adjustable-rate mortgages inched up to 4.82% from 4.79%. One-year adjustable-rate mortgages fell to 4.69% from 4.82%.
These rates do not include add-on fees known as points. The nationwide fee averaged 0.7-point last week for 30-year and 15-year mortgages and 0.6-point for five-year and one-year adjustable-rate loans.
