WASHINGTON, Sept. 15(Xinhuanet)-- Rates on 30-year mortgages in the United States increased this week, the first gain in five weeks, US Mortgage giant Freddie Mac reported on Thursday.
The government-sponsored mortgage company said that the nationwide average for rates on 30-year, fixed-rate mortgages roseslightly this week to 5.74 percent, up from 5.71 percent last week.It was the first increase for the 30-year rate since August 11 when it climbed to 5.89 percent.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.32 percent this week, up from 5.30 percent last week.
One-year adjustable rate mortgages rose slightly to 4.46 percent from 4.45 percent last week. The rate hit its highest level in more than three years at 4.58 percent in mid August.
Rates on five-year hybrid adjustable rate mortgages averaged 5.26 percent this week, up from 5.24 percent last week. Enditem