Mortgage rates climbed considerably in the last week according to a report from the Federal Home Loan Mortgage Corporation (Freddie Mac). 30-year fixed rate mortgages averaged 6.37% in Freddie Mac's latest report, which is an increase from 6.30% the week before.
15-year fixed rate mortgage rates also climbed, from 5.98% the previous week to 6.06% last week.
5-year adjustable rate mortgages reported in at 6.10%, which is a jump from the previous week's rate of 6.00%.
Meanwhile, 1-year adjustables averaged 5.56%, up from 5.46% the week before.
Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):
| Rates This Week | Last Week's Rate | |
| 30-year Fixed | 6.37% | 6.30% |
| 15-year Fixed | 6.06% | 5.98% |
| 5-year ARM | 6.10% | 6.00% |
| 1-year ARM | 5.56% | 5.46% |
Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
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