30 & 15 Years Mortgage Interest Rate Rises

According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage was 5.29% this week, up from 5.22% last week. The average rate on a 15-year fixed-rate mortgage was 4.68%, an increase from 4.63%. Five-year adjustable-rate mortgages averaged 4.75%, up from 4.73%. One-year adjustable-rate mortgages dropped to 4.72% from 4.78%.

The rates do not include add-on fees known as points. The nationwide fee averaged 0.7 of a point for 30- and 15-year fixed-rate mortgages, 0.6 of a point for five-year adjustable-rate mortgages and 0.4 of a point for one-year adjustable-rate mortgages.

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