Nationwide average mortgage rates bounced upward this past week according to The Federal Home Loan Mortgage Corporation (Freddie Mac), with 30-year fixed rate mortgages averaging 6.22%, which is a hefty bump from last week's average rate of 6.17%. Freddie released the statistics today in its Weekly Primary Mortgage Market Survey.15-year fixed rate mortgages also reported an increase from 5.87% in last week's survey to 5.90% in this week's report. 5-year adjustable rate mortgages rose from 5.92% the previous week to 5.93% this week.
Meanwhile, 1-year adjustable rate mortgages came in at 5.47%, which is up from 5.44% last week.
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 | 6.22% | 6.17% | |
| 15-year Fixed | 5.90% | 5.87% | |
| 5-year ARM | 5.93% | 5.92% | |
| 1-year ARM | 5.47% | 5.44% |
Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
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