The average rate for a 30-year fixed-rate mortgage rose to 3.68% in the week that ended Apr. 30 from the prior week's reading of 3.65%, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac [s:fmcc]. "Mortgage rates were up slightly following a week of mixed economic releases," said Len Kiefer, Freddie's deputy chief economist. A year ago, the 30-year rate was at 4.29%. A record low of 3.31% for the 30-year mortgage was hit in November 2013. The average rate for the 15-year fixed-rate mortgage inched higher to 2.94% in the latest week from 2.92% in the prior week. Meanwhile, the rate for a 5-year Treasury-indexed hybrid adjustable-rate mortgage ticked up to 2.85% from 2.84%. The rate for a 1-year Treasury-indexed ARM rose to 2.49% from 2.44%.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below