30-year mortgage rates increase slightly to 6.17%

April 6, 2007

Mortgage company Freddie Mac said 30-year fixed-rate mortgages averaged 6.17% this week, up from 6.16% last week.

Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, rose to 5.87%, up a notch from last week's 5.86%. Five-year adjustable-rate mortgages averaged 5.92%, compared with 5.88% last week. One-year adjustable mortgages edged up to 5.44% from 5.43% last week.


The mortgage rates do not include add-on fees known as points. Thirty-year mortgages carried a nationwide average fee of 0.4 of a point and 15-year mortgages had an average fee of 0.5 of a point. Five-year and one-year adjustable mortgages each carried a fee of 0.6 of a point.