Mortgage rates up slightly from last week

Los Angeles TimesJuly 10, 2014 

Mortgage rates rose slightly in this week's survey of lenders by Freddie Mac, with the average for a 30-year fixed loan rising to 4.15 percent, from 4.12 percent last week.

Mortgage lenders offered 15-year fixed loans at an average of 3.24 percent, up from 3.22 percent last week, according to Thursday's report from Freddie Mac, the McLean, Va., home finance company that has been a ward of the federal government since the financial crisis.

The average starting rate for home loans that become adjustable after five years at a fixed rate edged up from 2.98 percent to 2.99 percent.

Freddie Mac asks lenders each Monday through Wednesday about the terms they are offering to low-risk borrowers.

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