Mortgage Rates Creep Upward

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McLEAN, Va. - (10/01/04) -- Long-tem mortgage rates inched upthis week from six month lows, according to Freddie Mac. Theaverage for the benchmark 30-year, fixed-rate loan rose slightly to5.72% this week, from 5.70% last week; while the average for the15-year fixed-rate mortgage moved to 5.12%, from 5.10%. The averagefor the one-year ARM dipped slightly to 3.97%, from 4.00% lastweek.

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