WASHINGTON Fixed mortgage rates moved slightly higher this week but remained near two-month lows, reflecting the federal debt impasse in Washington, D.C. and a light week of economic data releases, according to Freddie Mac.
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The average for the benchmark 30-year, fixed-rate loan inched up to 4.23% from 4.22% last week; while the average for the 15-year mortgage moved to 3.31% from 3.29%.
ARM rates also rose slightly, with the average for the five-year ARM going to 3.05% from 3.03%; and the average for the one-year ARM to 2.64% from 2.63% last week.
