Mortgage rates rose further this week on news of better-than-expected December retail sales and industrial production, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage inched up to an average 6.23 percent from last week's 6.21 percent, while the 15-year fixed mortgage rate gained from 5.96 percent to 5.98 percent. Points, which are fees charged by lenders for loan processing expressed as a percent of the loan, averaged 0.4 on the 30- and 15-year loans. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 6.04 percent this week, with an average 0.4 point, up slightly from last week when they averaged 6.03 percent. One-year Treasury-indexed ARMs averaged 5.51 percent with an average 0.5 point, ...
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