Industry NewsMortgage

Mortgage rates hover above 6%

Real estate brief

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Mortgage rates barely budged this week, with rates on long-term loans rising slightly and those on short-term loans dipping, Freddie Mac reported today. According to Freddie Mac's weekly survey, the 30-year fixed-rate mortgage inched up to 6.1 percent from 6.09 percent last week, compared with 6.37 percent a year ago. The 15-year fixed mortgage rate averaged 5.78 percent, up from 5.77 percent a week ago, but is still below 6.03 percent a year ago. Points that borrowers paid to attain these rates averaged 0.6. Average rates on one-year and five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) sank to 5.12 percent and 6 percent, respectively, compared with 5.58 percent and 6.11 percent a year ago. Points on the one-year loans averaged 0.5; they were 0.6 on the five-year. *** What's your opinion? Leave your comments below or send a letter to the editor. ...