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Fixed Mortgage Rates Edge Higher

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Results show that the 15-year FRM averaged 3.33 percent with an average 0.7 point, up from the previous week when it averaged 3.31 percent. A year ago at this time, the 15-year FRM averaged 2.66 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.07 percent this week with an average 0.4 point, up from the last week when it averaged 3.05 percent. A year ago, the 5-year ARM averaged 2.75 percent.

The 1-year Treasury-indexed ARM averaged 2.63 percent with an average 0.4 point, down from 2.64 percent. At this time last year, the 1-year ARM averaged 2.60 percent.

For more information, visit www.FreddieMac.com.

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