WASHIGNTON, DC-Freddie Mac reported that the average interest rates on fixed loans for 30 years increased 4.21% in the latest week, while last week, the value was 4.19%. For fixed loans that extend for 15 years, the average rate increased 3.64% in the latest week, while the same was 3.62% in past week.
Compared to last week, average rates on loans for one-year variable-rate decreased from 3.43% to 3.3%, while that of mortgages for five-year variable-rate decreased from 3.47% to 3.45%. For the full story, go to Seattle Times.
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