WASHINGTON -- Mortgage rates rose slightly this week, for the first time in six weeks, according to Freddie Mac. The average for the 30-year, fixed-rate loan moved to 6.12% this week, from 6.11% last week; while the average for the 15-year, fixed-rate mortgage inched up to 5.86%, from 5.84%. ARM rates also climbed slightly higher, with the average for the one-year ARM rising to 5.45%, form 5.43%, and the average for the five-year ARM holding steady at 5.12%. “Mixed economic reports have kept mortgage rates from making any drastic changes this week," said Frank Nothaft, chief economist for Freddie Mac. He predicted long-term rates will remain under 7% in the new year.
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