Mortgage buyer
The average rate on a 15-year mortgage increased to 3.09% from 3.07% last week.
Loan rates regained the stability they've shown in recent months, buttressed by positive economic data, a strong job market, and improved sentiment in the housing market, which saw a slowdown early last year.
The average fee on 30-year fixed-rate mortgages remained at 0.7 point this week. The average fee for the 15-year mortgage also held at 0.7 point.
The average rate for a five-year adjustable-rate mortgage rose to 3.39% from 3.30% last week. The fee was unchanged at 0.3 point.
This story has been corrected to show that rates rose slightly this week, not last week.
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