Mortgage Rates Rise After Jobs Report
Dow Jones Newswires</br></br>NEW YORK -- Mortgage rates rose in the past week after Friday's employment report reinforced the perception that the economy is on solid ground, said Freddie Mac in its weekly survey.</br></br>The average for 30-year fixed mortgage rates for the week ended yesterday, rose to 5.85% from 5.79% a week earlier and 5.41% a year ago.</br></br>The average for 15-year fixed-rate mortgages this week was 5.38%, up from 5.33% a week ago and the year-ago 4.69%.</br></br>The rate for five-year Treasury-indexed hybrid adjustable-rate mortgages, was 5.22%, up from the previous week's average of 5.17%. There is no historical information for last year since Freddie Mac began tracking this mortgage rate at the start of 2005.