Mortgage Rates Rise On Strong Economic Data

Published September 05, 2013, 7:00 p.m. EDT

Updated August 26, 2020, 10:10 p.m. EDT

1 Min Read

WASHINGTON Mortgages rates moved higher this week amid recent data pointing to signs of a stronger economic recovery, as well as positive news coming from the housing and manufacturing sectors, according to Freddie Mac.

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The average for the 30-year, fixed-rate loan rose to 4.57% from 4.51% last week; while the average for the 15-year mortgage moved to 3.59% from 3.54%.

ARM rates also inched up, with the average for the five-year ARM climbing to 3.28% from 3.24%; and the average for the one-year ARM rising to 2.71% from 2.64%.

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