BANKING & FINANCE - June 11, 1993
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From Times Staff and Wire Reports
Mortgage Rates Inch Up: The average interest rate for a U.S. 30-year, fixed-rate mortgage rose to 7.48% from 7.47% last week, the Federal Home Loan Mortgage Corp. said. In its weekly report, Freddie Mac said the average rate for a 15-year fixed mortgage climbed to 6.98% from 6.97% the prior week. Freddie Mac said lenders charged an unchanged average of 1.7% in fees and points on both the 30- and 15-year, fixed-rate loans.
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