WASHINGTON – Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines.
Mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent this week.
That was the same rate as the two previous weeks and represented the second-highest rate of the year.
The highest rate so far this year was 6.63 percent hit for the week ending July 24.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, fell to 6.07 percent, down from 6.10 percent last week.
Rates on five-year, adjustable-rate mortgages averaged 6.02 percent this week, down slightly from 6.05 percent last week.
Rates on one-year, adjustable-rate mortgages dipped to 5.18 percent, down from 5.22 percent last week.
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