30-Year Mortgage Rates Climb to 6.10%

Mortgage giant Freddie Mac reported that the nationwide average for 30-year fixed-rate mortgages rose this week to 6.10%, compared with 6.03% last week.

Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 5.65%, up from 5.62% last week.

One-year adjustable-rate mortgages rose to 4.89%, up from 4.85% last week. Rates on five-year hybrid adjustable-rate mortgages averaged 5.59%, up from 5.57% last week.

The nationwide averages for mortgage rates do not include add-on fees known as points. The one-year and five-year ARMs carried a nationwide average fee of 0.7 point, while the 15-year mortgage had an average fee of 0.6 point and the 30-year carried an average fee of 0.5 point.