Rates on Mortgages Edge Up This Week
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From Associated Press
The average rate on 30-year mortgages increased to 5.68%, up from 5.64% last week, Freddie Mac said.
For 15-year mortgages, a popular option for refinancing, rates rose to 4.97%, up from 4.95% last week. Rates for one-year adjustable mortgages increased to 3.59% compared with 3.56% last week.
Thirty-year and 15-year mortgages each carried an average fee of 0.7 point this week, while one-year ARMs carried an average fee of 0.6 point.
