Mortgage Rates Increase: 30 Year Mortgage Rates at 4.75%, 15 Year Mortgage Rates at 4.20%

Mortgage rates are up in the latest Primary Mortgage Market Survey released by Freddie Mac this morning. Fixed conforming 30 year mortgage rates are up to 4.75 percent for the week ending June 17, 2010, up from the prior week’s average 30 year mortgage rate of 4.72 percent. Mortgage discount points averaged 0.7 points, unchanged from the prior week.