MCLEAN, Va.--The rate for the 30-year fixed-rate mortgage, after falling in past weeks, inched up, averaging 6.30% this week, Freddie Mac reported.
“Following several weeks of decline, mortgage rates inched up this week,” said Sam Khater, Freddie Mac’s chief economist. “Housing market activity continues to hold up with purchase and refinance applications increasing by 18% and 42%, respectively, compared to the same time last year.”
The 30-year FRM averaged 6.30% as of Sept. 25, up from last week when it averaged 6.26%. A year ago at this time, the 30-year FRM averaged 6.08%. The 15-year FRM averaged 5.49%, up from last week when it averaged 5.41%. A year ago at this time, the 15-year FRM averaged 5.16%, Freddie Mac said.