The Freddie Mac survey showed that other mortgage rates rose this week as well.

  • Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, rose to 5.77 percent, up from 5.35 percent last week.
  • Rates on five-year, adjustable-rate mortgages averaged 6.02 percent this week, up from 5.67 percent last week.
  • One-year, adjustable-rate mortgages rose to 5.16 percent, up from 5.03 percent last week.

The mortgage rates do not include add-on fees known as points.

A year ago,

  •  rates on 30-year mortgages stood at 6.42 percent,
  • 15-year mortgage rates averaged 6.09 percent,
  • five-year adjustable-rate mortgages were at 6.15 percent and
  • one-year adjustable-rate mortgages stood at 5.60 percent.
 

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Ricardo Cortez

Tempe, AZ

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