Freddie Mac: 30-year mortgage rates rise slightly this week
WASHINGTON - June 26 2007 - U.S. 30-year mortgage rates were nearly unchanged this week, according to a survey released on Thursday by home funding company Freddie Mac.
U.S. 30-year mortgage rates inched higher to an average of 6.45 percent from 6.42 percent last week, and 15-year mortgages rose to an average of 6.04 percent from 6.02 percent.
One-year adjustable rate mortgages, or ARMs, climbed to an average of 5.27 percent from 5.19 percent.
Freddie Mac said the “5/1″ ARM, set at a fixed rate for five years and adjustable each following year, averaged 5.99 percent, up from 5.89 percent a week earlier.
A year ago, 30-year mortgage rates averaged 6.67 percent, 15-year mortgages 6.34 percent and the one-year ARM 5.65 percent. The 5/1 ARM averaged 6.30 percent.