Average mortgage rates were up again last week according to both Freddie Mac and the Mortgage Bankers Association (MBA).

Freddie Mac reported that fixed rate products were up for the fourth week in a row with the 30-year fixed at 5.73 percent compared to 5.66 percent the previous week and the 15-year up 7 basis points to 5.32 percent. Fees and points, however, dropped a bit dramatically, from 0.6 to 0.4 for both kinds of fixed rate mortgages. This is the lowest point for fees and points this year.

Publish Date: 07/27/2005