WASHINGTON 30-year US mortgage rate rises to 6.71%

First increase after 3 straight drops

By A LEX VEIGA Associated Press

The average long-term U.S. mortgage rate rose this week, snapping a three-week pullback after reaching a high for the year in early June.

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.71% from 6.67% last week. A year ago, the rate averaged 5.70%.

The increase brings the average rate back to where it was three weeks ago. On June 1, it averaged 6.79%, its highest level so far this year.

High rates can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford in a market that remains unaffordable to many Americans after years of soaring home prices and limited housing inventory.

The median monthly payment listed on applications for home purchase loans in May rose to $2,165, up 14.1% from a year ago and a 2.5% increase from April, the Mortgage Bankers Association said Thursday.

The average rate on a 30year home loan is still more than double what it was two years ago, when the ultra-low rates spurred a wave of home sales and refinancing. The far higher rates now are contributing to the low level of available homes by discouraging homeowners who locked in those lower borrowing costs two years ago from selling.

The average rate on 15-year fixed-rate mortgages, popular with those refinancing their homes, also rose this week, increasing to 6.06% from 6.03% last week. A year ago, it averaged 4.83%, Freddie Mac said.

AGAWAM

Amy L. Masi to Cory Smith, 418 Meadow Road, Unit E12, $221,000.

Anthony Liquori and Danielle Liquori to Luke Pelton and Jamie Pelton, 977 Main St., $288,000.

Hillside Development Corp., to Campbell Drive LLC, 140 Nicole Terrace, $577,900.

Manchester Enterprises LLC, to Anthony F. Saccomani, 14 Dover St., $220,000.

Mark D. Olson, trustee, Nancy M. Olson, trustee, and Olson Realty Trust, trustee of, to Gabriel DeGray, 0 Maynard St., $280,000.

Michael F. Chmielewski and Mildred C. Chmielewski to Williams

Eight Real Estate LLC, 56 South Westfield St., $150,000.

Michael Scafuri, conservator, and Nicholas J. Scafuri to Siena Tansey, 17 Cleveland St., $241,000. NRES LLC, to Ilknur Citlak, 140 Beekman Drive, Unit 140, $240,000.

Pine Crossing Construction Inc., to Arthur R. Outhuse and Denice M. Outhuse, 97 Villa Drive, Unit 32, $479,900.

Sheryl A. Whitehead to Jared M. Hamre and Ashley Hamre, 138 Suffield St., $180,000.

Amherst

Knight Realty Group LLC, to James Charles McGinn Jr., 186 College St., $505,000.

John F. Dalsey to Steven Beck, 170 East Hadley Road, $179,000.

Arthur P. Mange, trustee, Elaine

J. Mange, trustee, and Elaine J. Mange Revocable Trust to Jacob Hale Olshansky and Youjin Lee, 160 Gray St., $765,000.

Mary Eva Dent, Mary Eva Fogel Dent and Stephen F. Siegel to Sarah Kleinschmidt, 161H Pine St., $535,000.

Michael N. Kreisler and Barbara H. Kreisler to Juniper Lane LLC, 7 Juniper Lane, $100.

Kelly L. Koomler to Aubrey Shaun Tennant and Zoe Ozereko, 36 Valley View Drive, $457,000. East Pleasant Street Partners LLC, to Amherst College and Trustees of Amherst College, 78 Northampton Road, $525,000.

Bradley R. Brummett and Zehra Fareen Parvez, Bradley Brummett and Zehra F. Parvez to Emily Mastellone-Snyder and Erik Barnes, 297 Shutesbury Road, $780,000.

Ashfield

Dominic Kirchner II, Trustee of A-O-K Realty Trust to Christopher M. Noble and Bailey J. Wendelberger, 127 Ludwig Branch Road, $220,000.

Belchertown

Kirk P. Grim, trustee, Anne E. Grim, trustee, and Kirk P. Grim & Anne E. Grim Joint Revocable Trust to Christopher D. Cocomazzi and Lauralie J. Cocomazzi, 50 Westview Drive, $510,500.

Vicki L. Bartolini to Vicki L. Bartolini, trustee, and Vicki L. Bartolini Irrevocable Family Trust, 200 Allen St., $100.

GR & T Company Inc., to Edinelson Chaves Tejo and Suelania Luiz Pereira Tejo, 128 Boardman St., $100.

Cynthia N. White, personal representative, Ann Marie Opalenik, personal representative, and Mildred C. White, estate, to Robert S. Opalenik, and Ann Marie Opalenik, Kimball Street, $100.

Cynthia N. White, personal representative, Ann Marie Opalenik, personal representative, and Mildred C. White, estate, to Marineide DaSilva White, Kimball Street, $100.

Cynthia N. White, personal representative, Ann Marie Opalenik, personal representative, and Mildred C. White, estate, to Cynthia

N. White, Kimball Street, $100. Nancy C. McConnell to Nancy C. McConnell and Joshua C. McConnell, 55 Green Ave., $100.

Anabela S. Basile to Haru G&S LLC, 1 Main St., $196,667.

Tanya M. Vital-Basile to Haru G&S LLC, 1 Main St., $196,667.

Anabela S. Basile and Tanya M. Vital-Basile to Haru G&S LLC, 1 Main St., $196,667.

Heather A. Newman and Christopher H. Newman to Maitland Ishmael and Jessica Concepcion, 500 Franklin St., $510,000.

Summer Hill Estates Development LLC, to Joseph G. Noonan and Marie C. Noonan, 111 Daniel Shays Highway, $425,000.

Brimfield

Edmond A. Neal III, trustee, and Joy Mountain Realty Trust, trustee of, to Dmitriy Lissitsine and Irina Lissitsine, 56 St. Clair Road, $40,000.

Warren Goddard and Patricia M. Goddard to Joy Mountain Realty Trust, trustee of, and Edmond A. Neal III, trustee, St. Claire Road, Lot 3R, $52,168.

Chicopee

Barbara M. Connor, Kerry J. Connor and Mark A. Connor to Kirsten Murdock, 17 Pheasant Way, Unit 17, $220,000.

Gary A. Bourque and Karen A. Bourque to Rodrigo Rodrigues De Araujo, 348 Montcalm St., $325,000.

Gary N. Desmarais and Nancy E. Desmarais to Mary Consolata Mudachi, 819 McKinstry Ave., $255,000.

Helena N. Ferreira and Helena N. Casimiro to James R. Marrow, trustee, Mary Ann Marrow, trustee, and Marrow Family Realty Trust, trustee of, 65 Savory Drive, $440,000.

Jeffrey J. Wojcik and Nicole M. Wojcik to Rebecca Marie Torres and Curtis Steven Bosthworth Jr., Shepard St., $307,000.

Kmak LLC, and Ryan Randall Realty LLC, to Melishia I. Santiago, 70 Honeysuckle Drive, Unit 6203C, $208,000.

Marilyn R. Friedrich to Sean B. Courchesne and Amy M. Robandt, 65 Woodcrest Circle, $301,500.

Mint Realty Group LLC, to Musah Jingo Kalule Jr., 28 Adams St., $440,000.

Colrain

Thomas N. Synan, personal representative of the Estate of Timothy W. Purington, to Jena Dee Gavora, Donna McLeay, Douglas MacLeay, Jana L. Purington, Lee M. Purington and Michael A. Purington, 201 Thompson Road, $100,000.

Donna M. MacLeay, Lee M. Purington and Michael A. Purington to Joan A. Powell, Thompson Road, $10,000.

Joan A. Powell to Jena Dee Gavora, Donna McLeay, Douglas MacLeay, Jana L. Purington, Lee M. Purington and Michael A. Purington, 201 Thompson Road, $100,000.

Donna M. MacLeay, Lee M. Purington and Michael A. Purington to Joan A. Powell, Thompson Road, $10,000.

East Longmeadow

182 North Main Street LLC, to Vincenzo Amore and Amy Amore, 182 North Main St., $325,000.

Darrell F. McCarthy, Patrcia A. McCarthy and Patricia A. McCarthy to Leslie R. Morrison and Derek Morrison, 83 Pease Road, $577,100.

Moltenbrey Builders LLC, to Jeffrey J. Wojcik and Nicole M. Wojcik, 75 Hampden Road, $552,000.

Roger M. Roberge and Elizabeth A. Roberge to Thomas Cressotti and Kristin Cressotti, 14 Rockingham Circle, $850,000.

Judith S. Brennan Revocable Trust, trustee of, and Kathleen E. Waters,

SEE DEEDS, PAGE F8

Conventional loans are based on loan amounts of $165,000. Jumbo loans are based on loan amounts of $548.250. Points quoted include discount and/or origination. Lock Days: 30-60. Annual percentage rates (APRs) are based on fully indexed rates for adjustable rate mortgages (ARMs). The APR on your specific loan may differ from the sample used. Fees reflect charges relative to the APR. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. FHA mortgages include both UFMIP and MIP fees based on loan amount of $165,000 with 5% down payment. VA mortgages include funding fees based on loan amount of $165,000 with 5% down payment. The Republican does not guarantee the accuracy of the information appearing above or the availability of rates and fees in this table. All rates, fees and other information are subject to change without notice. The Republican does not own any financial institutions. Some or all of the companies appearing in this table pay a fee to appear in this table. If you are seeking a mortgage in excess of $548.250, recent legislation may enable lenders in certain locations