UPDATE1-U.S. 30-, 15-year mortgage rates rise in latest week
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mortgage rates rise March 14th, 2008WASHINGTON, March 13 (Reuters) - U.S. 30- and 15-year mortgage rates rose in the latest week, home funding giant Freddie Mac (FRE.N: Quote, Profile, Research) said on Thursday.
U.S. 30-year mortgage rates averaged 6.13 percent compared with 6.03 percent a week earlier, while 15-year mortgages rose to an average of 5.60 percent from 5.47 percent.
One-year adjustable rate mortgages (ARM) also jumped to 5.14 percent in the week from 4.94 percent a week earlier.
Freddie Mac said the “5/1″ ARM, set at a fixed rate for five years and adjustable each following year, averaged 5.58 percent, also up from 5.34 percent the prior week.
Tags: mortgage rates rise
August 29th, 2008 at 1:40 am
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