Mortgage Rates Rise For First Time In Four Weeks

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%.