Real Estate News

Average 30-year mortgage rate edges up

WASHINGTON — Average U.S. rates on fixed mortgages rose slightly this week, reversing a five-week downward trend.

Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan edged up to 4.14 percent from 4.12 percent last week. The average for the 15-year mortgage climbed to 3.23 percent from 3.21 percent.

The average fee for a 30-year mortgage fell a tad from a week earlier to 0.5 point. The fee for a 15-year loan held steady at 0.5 point.

The average rate on a one-year adjustable-rate loan fell to 2.40 percent from 2.41 percent. The average fee remained at 0.4 point.

The average rate on a five-year adjustable mortgage declined to 2.93 percent. The fee rose to 0.4 point from 0.3 point.

The Associated Press

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