Interest rates on most mortgages were higher for the week ending March 27 compared to one week earlier, mortgage financier Freddie Mac said today.
The traditional 30-year fixed-rate mortgage averaged 5.85 percent this week, down marginally from 5.87 percent a week earlier.
However, that was the only winner as the 15-year actually worsened, rising to 5.34 percent from 5.27 percent last week.
Adjustable-rate mortgages also climbed higher during the week, with the five-year Treasury ARM averaging 5.67 percent this week, up from last week’s rate of 5.56 percent.
The one-year ARM averaged 5.24 percent this week, up from 5.15 percent last week.
A year ago, the 30-year averaged 6.16 percent, the 15-year 5.86 percent, the five-year 5.88 percent, and the one-year 5.43 percent.
See more data in Freddie Mac’s Weekly Primary Mortgage Market Survey archives.
(photo: robyferrari)
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