Mortgage Rates Increase This Week
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From Associated Press
The average rate on 30-year mortgages increased to 5.72%, up from 5.68% last week, Freddie Mac said.
For 15-year mortgages, a popular option for refinancing, rates rose to 5.03% this week, up from 4.97% last week. Rates for one-year adjustable mortgages increased to 3.61%, compared with 3.59% last week.
The nationwide averages for mortgage rates do not include add-on fees known as points. Each loan type carried an average fee of 0.6 point this week.
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