Mortgage Rates Rise

The rate for a 30-year fixed-rate mortgage averaged 4.08 percent this week, up from last week’s 4.02 percent, Freddie Mac said today. At this time last year, the 30-year FRM rate averaged 4.12 percent. This week’s 15-year FRM rate averaged 3.24 percent, up from last week’s 3.21 percent rate. A year ago, the 15-year FRM rate averaged 3.22 percent.