30-year fixed mortgage rates continued their gradual ascent according to the latest report from Freddie Mac (the Federal Home Loan Mortgage Corporation). In Freddie's latest Primary Mortgage Market Survey 30-year fixed mortgage rates increased to a nationwide average of 6.21%, which is up from 6.18% last week.15-year fixed mortgage rates also increased this past week from 5.94% to 5.96% in the latest survey.
Meanwhile, five-year adjustable mortgage rates rose slightly from 6.02% to 6.03%. One-year adjustable rate mortgages averaged 5.44%, which is an increase from last week's 5.42%.
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 | 6.21% | 6.18% |
| 15-year Fixed | 5.96% | 5.94% |
| 5-year ARM | 6.03% | 6.02% |
| 1-year ARM | 5.44% | 5.42% |
Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
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