Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Mixed economic indicators caused long-term mortgage rates to move sluggishly this week, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage held at an average 6.73 percent, while the 15-year fixed-rate mortgage dipped to 6.38 percent from 6.39 percent a week ago. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.4 on the 30- and 15-year loans. Adjustable-rate mortgage (ARM) costs were also mixed this week, with the five-year Treasury-indexed hybrid ARM holding at 6.35 percent and the one-year ARM inching up from 5.71 percent to 5.72 percent. Points on these loans averaged 0.5. "In a week marked by stock indexes reaching new highs on Wall Street, mortgage rat...