Nationwide average mortgage rates moved upward this past week according to a report by the Federal Home Loan Mortgage Corporation (Freddie Mac). Freddie reported in its Primary Mortgage Market Survey that 30-year fixed rate mortgages were averaging 6.16% this past week. This is up from 6.14% the previous week.15-year fixed mortgage rates also increased from 5.88% in the previous report to 5.90% in the latest survey. 5-year adjustable rate mortgages nudged up to 5.91% from 5.90% the prior week.
Meanwhile, one-year adjustable rate mortgages fell from 5.42% to 5.40%.
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 | 6.16% | 6.14% | |
| 15-year Fixed | 5.90% | 5.88% | |
| 5-year ARM | 5.91% | 5.90% | |
| 1-year ARM | 5.40% | 5.42% |
Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
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