Adjustable-Rate Mortgage

30-Year Mortgage Rates Inch up to 5.14%: Freddie 

Mortgage rates remained virtually unchanged across the board this week, trending upward several basis points (bps) but remaining significantly below year-ago levels. Thirty-year fixed rates averaged 5.14% with an average 0.7 point in the week ending August 27, up 2bps from 5.12% last week but still well below 6.4% seen last year, according to the weekly survey by mortgage giant Freddie Mac [stock FRE][/stock]. Fifteen-year fixed rates also trended up 2bps, to 4.58% with an average 0.7 point this week from 4.56%.