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To calculate average mortgage rates, Freddie Mac surveys lenders across the country on Monday through Wednesday each week. The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for a 30-year mortgage was steady at 0.7 point. The fee for a 15-year loan also was unchanged at 0.7 point.
The average rate on a one-year adjustable-rate mortgage ticked up to 2.64 percent from 2.63 percent and the fee held at 0.4 point.
The average rate on a five-year adjustable mortgage increased to 3.05 percent from 3.03 percent. The fee fell to 0.4 point from 0.6 point.
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