Mortgage rates shot up this week with 30-year mortgages climbing to the highest level in nearly a year. Freddie Mac reported that its nationwide survey showed rates on 30-year mortgages surged to 6.63 percent this week from 6.26 percent last week. Rates on 15-year fixed-rate mortgages rose to 6.18 percent from 5.78 percent. Rates on five-year adjustable-rate mortgages rose to 6.16 percent from 5.80 percent, and rates on one-year ARMs jumped to 5.49 percent from 5.10 percent. Rates don't include add-on fees known as points. For 30-year and 15-year mortgages, fees were 0.6 point. The fee for five-year mortgages was 0.7 point and for one-year mortgages, 0.5 point. A year ago, rates on 30-year mortgages stood at 6.69 percent, 15-year mortgage rates averaged 6.37 percent, five-year adjustable-rate mortgages were at 6.30 percent...
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