Industry NewsMortgage

Mortgage rates end week higher

Freddie Mac: Average on 30-year fixed loans still below 5.9% year-to-date
Published on Mar 13, 2008

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by CareyBot

Mortgage rates were up this week, Freddie Mac reported today in its latest survey, but were still lower than they were a year ago.

The average rate on 30-year fixed-rate mortgages climbed to 6.13 percent from last week's 6.03 percent, while the average 15-year fixed mortgage jumped from 5.47 percent to 5.6 percent. A year ago, rates on the 30- and 15-year loans averaged 6.14 percent and 5.88 percent, respectively.

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