Rates on 30-year, fixed-rate mortgages increased slightly last month while rates on 15-year mortgages dropped, according to data released today by the Federal Housing Finance Agency.
The average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased one basis point to 4.88%.
The average interest rate on 15-year, fixed-rate loans of $417,000 or less decreased four basis points to 4.71%.
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