Thirty-year, fixed-rate mortgages averaged 8.30 percent this week, highest in more than a year, according to a national survey released Thursday by the Federal Home Loan Mortgage Corp.
They were up from 8.03 percent last week and the highest since the average was 8.37 percent during the week ended April 13, 1995.On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.86 percent, up from 5.76 percent last week.
Fifteen-year mortgages, a popular option for those refinancing mortgages, averaged 7.80 percent this week, up from 7.54 percent a week earlier.
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The rates do not include add-on fees known as points.