Average rates on fixed mortgages rose this week, the first increase in seven weeks, according to the latest data released Thursday by Freddie Mac.
The 30-year rose to 3.71 percent from 3.67 percent a week ago, ending the rate’s six-week decline. This time last year, the average was 4.50 percent.
The average rate on the 15-year mortgage, a popular refinancing option, rose to 2.98 percent. That's up from 2.94 percent last week, also a record low.
Here's a look at rates for fixed- and adjustable-rate mortgages over the past 52 weeks:
Current Avg. Last week 52-week High 52-week low
30-year Fixed 3.71 3.67 4.60 3.67
15-year Fixed 2.98 2.94 3.75 2.94
5-year adjustable 2.80 2.84 3.41 2.78
1-year adjustable 2.78 2.79 3.02 2.70
All values in Percentage points
Source: Freddie MacPrimary MortgageMarket Survey
