30-Year, 15-Year Mortgage Rates Rise
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Average rates on 30-year fixed-rate mortgages increased to 5.66% from last week’s 5.62%, Freddie Mac reported.
Rates on 15-year fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.25%, up from 5.2% last week.
For one-year adjustable-rate mortgages, rates rose to 4.39% from 4.33% last week. Rates on five-year hybrid adjustable-rate mortgages averaged 5.15%, down from 5.19% last week.
The nationwide averages for mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages both carried an average fee of 0.6 point this week. The other two categories carried average fees of 0.7 point.
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