Mortgage Rates Rise For First Time In Four Weeks

By Steve GoldsteinMarketWatch Pulse

Mortgage rates rose for the first time in four weeks, mortgage buyer Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.94% in the week ending Aug. 13, up from last week when it averaged 3.91%. A year ago, the 30-year averaged 4.12%. The 15-year fixed rose to 3.17% from 3.13%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.93%, down from 2.95%. The 1-year Treasury-indexed ARM averaged 2.62%, up from 2.54%.

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