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Mortgage Rates Gain During Week
Stock quotes in this article:
FRE
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Mortgage rates continued to drift higher during the week, finishing the year at virtually the same level they started it.
The average rate on 30-year, fixed-rate mortgages rose 0.3 basis points to 6.17% over the week ended Thursday, according to a survey by Freddie Mac(FRE Quote).
A basis point is a hundredth of a percentage point.
The mortgages in this week's survey had average origination fees and discount points of 0.5% of the total loan amount, up from 0.4% the previous week. ...
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