Mortgage Rates Rise: Fixed-rate mortgages averaged 9.53%...
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From Times Staff and Wire Reports
Mortgage Rates Rise: Fixed-rate mortgages averaged 9.53% last week, up from 9.47% the week before, according to a national survey by the Federal Home Loan Mortgage Corp. It was the first increase since March 22, when rates averaged 9.59%. On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 7.36%, down from 7.37% the previous week. The rates do not include add-on fees known as points.
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