WASHINGTON – Mortgage rates ticked up slightly this week but remain near record lows, according to Freddie Mac.

The average for the 30-year fixed-rate mortgage inched up to 3.34% this week, from 3.32% last week; while the average for the 15-year loan rose to 2.67% from 2.64%.

ARM rates declined slightly, with the average for the five-year ARM dipping to 2.69% this week, from 2.72% last week; and the average for the one-year ARM slipping to 2.55% from 2.56%.

“Mortgage rates were little changed and near record lows this week amid indicators of stronger economic growth and signs of tame inflation,” said Frank Nothaft, chief economist for Freddie Mac.


Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.