Mortgage Rates Move Up – Freddie Mac

Freddie Mac released this a mortgage rate report which shows mortgage rates increasing again for the fourth consecutive week. 30 year rates have been heading higher for about a month now and are just below 5.00 percent.

30 year fixed rate mortgage averaged 4.91 percent with an average 0.6 point for the week ending April 14, 2011. This is yet another increase in rates from the April 7 report that had 30 year rates at 4.87 percent.

15 year mortgage rates are also higher for the week ending April 14, 2011. 30 year rates averaged 4.13 percent with an average 0.7 mortgage point, up from the last week when 15 year rates averaged 4.10 percent.

5 year Treasury indexed hybrid adjustable-rate mortgage are also higher. 5 year rates averaged 3.78 percent this week, with an average 0.6 mortgage discount point, up from last week when it averaged 3.72 percent.

1 year Treasury indexed adjustable mortgages averaged 3.25 percent with an average 0.6 point. This is also higher from last week when it averaged 3.22 percent.