MCLEAN, Va., Aug. 16 (UPI) -- Freddie Mac-assisted mortgage rates were up across the board this week, a turnaround from a week ago, a report said.
The 30-year fixed-rate mortgage averaged 6.62 percent with an average 0.4 points this week, up from last week’s 6.59 percent.
The 15-year FRM this week averaged 6.30 percent with an average 0.5 points, up from last week’s 6.25 percent.
Five-year, Treasury-indexed hybrid adjustable-rate mortgages averaged 6.35 percent this week, with an average 0.5 points, up from last week when it averaged 6.33 percent.
One-year, Treasury-indexed ARMs averaged 5.67 percent this week with an average 0.6 points, up from last week when it averaged 5.65 percent.
“Problems in the non-prime mortgage market where funds are expensive and hard-to-get have not affected the prime conforming market,” said Frank Nothaft, Freddie Mac vice president and chief economist.
Freddie Mac is a stockholder-owned corporation established by the U.S. Congress in 1970 to support homeownership and rental housing.
