WASHINGTON, DC-Freddie Mac has said that the average value for 30-year fixed loans has increased slightly to 4.74% from last week's 4.71%. The average rate for 15-year fixed mortgages fell 4.05% from previous week's 4.08%.
Changes have been there in mortgage rates due to gains in Treasury yields. The average value for a five-year adjustable-rate mortgage fell from 3.72% to 3.69%, and the five-year adjustable-rate mortgage reached 3.25% last month. The average value for one-year adjustable-rate housing loans increased from 3.23% to 2.25%. For the full story, go to The San Diego Union Tribune.
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