Mortgage Rates Move Slightly Higher For Second Straight Week

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WASHINGTON – Rates on 30-year fixed mortgages rose slightly this week, for the second week in a row, to an average of 4.23%, from 4.21% last week, just above the lowest level in decades.

The average for the 15-year, fixed-rate loan also tipped higher, to 3.66% from 3.64%, according to Freddie Mac.

ARM rates were mixed, with the average for the five-year ARM rising to 3.45%, from 3.41%, and the average for the one-year ARM holding steady at 3.30%.

 

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