CHICAGO (MarketWatch) -- Mortgage rates rose this week, ending about a month-long streak of declines, according to Freddie Mac's weekly survey released Thursday.
"The movement in fixed mortgage rates was broadly consistent with the movements of Treasury bonds over the week," said Frank Nothaft, Freddie Mac chief economist, in a news release. The 30- and 15-year fixed-rate mortgages rose by about 0.2 percentage points, he said, erasing the previous week's decline.
The 30-year fixed-rate mortgage averaged 5.68% during the week ending Jan. 31, up from last week's 5.48%. The mortgage averaged 6.34% a year ago. The 15-year fixed-rate mortgage averaged 5.17%, up from 4.95%. The mortgage averaged 6.06% a year ago.
Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 5.32%, up from last week's 5.13%. The ARM averaged 6.04% a year ago. And 1-year Treasury -indexed ARMs averaged 5.05%, up from 4.99%. The ARM averaged 5.54% a year ago.
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