Another Weekly Gain for Loan Rates

Mortgage rates rose again this week, according to Freddie Mac's weekly survey released Thursday.

The 30-year, fixed-rate mortgage averaged 5.25% for the week ended Thursday, up from last week's 5.2% average and down from 6.52% a year ago.

Rates on 15-year fixed-rate mortgages were 4.69%, up from 4.68% last week and down from 6.07% a year earlier.

Five-year, Treasury-indexed hybrid adjustable-rate mortgages averaged 4.75%, up from last week's 4.74% and down from 6.07% a year earlier.

One-year, Treasury-indexed ARMs were 4.8%, up from 4.77% last week and down from 5.27% last year.

To obtain the rates, the fixed-rate mortgages required payment of an average 0.7 point, the five-year adjustable-rate loan required an average 0.6 and the one-year ARM required an average 0.5 point. (A point is 1% of the loan charged as prepaid interest.)

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