Mortgage Rates Edge Upward

Freddie Mac says the 30-year fixed mortgage rate edged up to 6.40% from 6.37% over the past week. The 15-year fixed mortgage rate climbed to 6.06% from 6.03%. Meanwhile, interest on one-year adjustable loans jumped to 5.73% from 5.58%; and the five-year ARM bumped up to 6.12% from 6.11%.

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Mortgage Rates Edge Upward

Freddie Mac says the 30-year fixed mortgage rate edged up to 6.40% from 6.37% over the past week. The 15-year fixed mortgage rate climbed to 6.06% from 6.03%. Meanwhile, interest on one-year adjustable loans jumped to 5.73% from 5.58%; and the five-year ARM bumped up to 6.12% from 6.11%.

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Nashville Mortgage Rates Decrease Slightly

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.37% during the week ended Oct. 4 from 6.42% the prior week. Interest on 15-year fixed rate mortgages fell to 6.03% from 6.09% over the same time span. Meanwhile, the one-year adjustable mortgage rate slipped to 5.58% from 5.6%, and the five-year hybrid adjustable rate declined to 6.11% from 6.15%. This marks the first decrease in Nashville mortgage rates in three weeks and is not expected to be the last decrease this month.

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Nashville Mortgage Rates Decrease Slightly

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.37% during the week ended Oct. 4 from 6.42% the prior week. Interest on 15-year fixed rate mortgages fell to 6.03% from 6.09% over the same time span. Meanwhile, the one-year adjustable mortgage rate slipped to 5.58% from 5.6%, and the five-year hybrid adjustable rate declined to 6.11% from 6.15%. This marks the first decrease in Nashville mortgage rates in three weeks and is not expected to be the last decrease this month.

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Mortgage Rates Creep Back Up

After hitting a four-month low of 6.31% two weeks ago, long-term mortgage rates continue to climb. Freddie Mac reports that interest on 30-year fixed loans spiked up to 6.42% last week from 6.34% a week ago, while 15-year fixed mortgages moved up to 6.09% from 5.98%. Contrary to the upward shift in long-term rates, initial interest on one- and five-year adjustable-rate mortgages dipped for the fourth week in a row, according to Freddie Mac. The Mortgage Bankers Association, meanwhile, says that ARMs continue to lose market share and currently are at their lowest level in about four and a half years!

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Mortgage Rates Creep Back Up

After hitting a four-month low of 6.31% two weeks ago, long-term mortgage rates continue to climb. Freddie Mac reports that interest on 30-year fixed loans spiked up to 6.42% last week from 6.34% a week ago, while 15-year fixed mortgages moved up to 6.09% from 5.98%. Contrary to the upward shift in long-term rates, initial interest on one- and five-year adjustable-rate mortgages dipped for the fourth week in a row, according to Freddie Mac. The Mortgage Bankers Association, meanwhile, says that ARMs continue to lose market share and currently are at their lowest level in about four and a half years!

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