Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Mortgage rates jump in lackluster market

Long-term fixed mortgage rates return to November levels, Freddie Mac reports.

Subscribe to Real Estate
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Mortgage Rates
30 yr fixed 3.92%
15 yr fixed 2.99%
5/1 ARM 3.27%
30 yr refi 4.01%
15 yr refi 3.08%

Find personalized rates:

Rates provided by Bankrate.com.

NEW YORK (CNNMoney.com) -- Following a January surge in refinancing activities, mortgage rates rose this week in the lackluster housing market, but are likely to decline, Freddie Mac reported Thursday.

"Refinancing activities, which had surged to a 12-month high in January, according to Freddie Mac's monthly refi-share report, are likely to ebb following this recent rise in rates," said Frank Nothaft, Freddie Mac (FRE, Fortune 500) vice president and chief economist in a statement Thursday.

Nothaft noted that long-term fixed mortgage rates trended up for a third week, bringing 30-year and 15-year fixed-rate mortgages back to last November's levels.

The government-sponsored loan buyer said 30-year fixed-rate loans averaged 6.24% for the week ending Thursday, up from 6.04% last week.

Last year at this time, the 30-year rate averaged 6.18%, Freddie Mac said.

Freddie Mac also said 15-year fixed-rate loans averaged 5.72%, up from 5.64% last week. A year ago, the 15-year rate averaged 5.92%.

Rates on five-year adjustable-rate mortgages (ARMs) averaged 5.43%, up from 5.37% last week. A year ago, the 5-year rate averaged 5.93%.

One-year Treasury-indexed ARMs averaged 5.11%, up from 4.98% last week. At this time a year ago, the 1-year ARM averaged 5.49%. To top of page

Photo Galleries
Driving the ultimate in '50s Mercedes-Benz style The SC was the car that re-introduced Mercedes-Benz as a global luxury car icon. More
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
Your guide to Cyber Monday sales This year, more Cyber Monday sales than ever start well before Monday. Here's where to shop if you don't get your fill on Black Friday. More