Mortgage Rates Inch Up for the Week
- Share via
Rates on 30-year fixed-rate mortgages increased to 5.72% this week, up from 5.7% last week, mortgage company Freddie Mac reported.
For 15-year fixed-rate mortgages, a popular option for refinancing, rates rose to 5.12%, up from 5.1% last week. Rates on one-year adjustable-rate mortgages slipped to 3.97%, compared with 4% the previous week.
The nationwide averages for mortgage rates do not include add-on fees known as points. All three mortgage categories carried a 0.6-point fee.
From Associated Press
* The cost of funds index for savings institutions in the Federal Home Loan Bank’s 11th District edged higher in August to 1.875% from 1.816% in July. The index is a popular benchmark for adjustable-rate mortgages on the West Coast and tends to lag behind changes in market interest rates by several months.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
