Mortgage rates posted a significant jump in the the latest report issued by Freddie Mac (the Federal Home Loan Mortgage Corporation). Freddie stated in its Primary Mortgage Market Survey that nationwide average 30-year fixed rate mortgage rates posted an increase from 6.25% in last week's report to 6.34% this week. This is the fourth increase in as many weeks.15-year fixed rate mortgages also rose from 5.98% last week to 6.06% in this week's report.
Five-year adjustable rate mortgages posted a rise to 6.04% compared to the 6.00% rate listed in the previous week, while one-year adjustable rate mortgages also posted a significant increase from 5.49% to 5.54%.
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 | 6.34% | 6.25% |
| 15-year Fixed | 6.06% | 5.98% |
| 5-year ARM | 6.04% | 6.00% |
| 1-year ARM | 5.54% | 5.49% |
Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
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