Interest Rates Rise on 30- and 15-year Mortgages

by R. MAK. on August 14, 2009 · 1 comment

in Interest rates, Mortgage Basics, Mortgage News, Mortgage Refinance, mortgage rates, real estate

 

The mortgage company Freddie Mac has said that this week the average rate on a 30-year fixed-rate mortgage was 5.29%, which has been raised up from 5.22% that we have observed last week.

MortgageInterestRates

The average rate on a 15-year fixed-rate mortgage was 4.68%, which has been increased from 4.63%.

Five-year adjustable-rate mortgages averaged 4.75%, that has shown a rise from 4.73%.

There has been a drop in one-year adjustable-rate mortgages. The rates has been dropped from 4.78% to 4.72%.

The add-on fees that is also referred to as points are not included in the rates.

Moreover the nationwide fee averaged for 30- and 15-year fixed-rate mortgages, 0.7 of a point, for five-year adjustable-rate mortgages, 0.6 of a point  and for one-year adjustable-rate mortgages, 0.4 of a point.

 
 

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