McLEAN, Va. – Long-term mortgages rates barely moved this week, holding steady for the second week in a row, according to Freddie Mac. The average for the 30-year, fixed-rate loan inched up to 6.16%, from 6.14% last week; while the average for the 15-year, fixed-rate mortgage crept up to 5.90%, from 5.88%. ARM rates also changed little, with the average for the five-year ARM rising 5.91%, from 5.90%; and the average for the one-year ARM dipping slightly to 5.40%, from 5.42%. “Mortgage rates were stable this week as the bond market took readings on producer prices and consumer prices in stride, Frank Nothaft, Freddie Mac’s chief economist, said in his weekly commentary.
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