The 30-year fixed-rate mortgage average rose to 3.59% in the week ending Aug. 9 from 3.55% in the prior week, Freddie Mac said Thursday in its weekly report
The rate was 4.32% a year earlier, according to Freddie, a buyer of residential mortgages "Fixed mortgage rates inched up again this week following stronger-than-expected employment reports," said Frank Nothaft, chief economist
Meanwhile, the 15-year fixed-rate mortgage ticked up to 2.84% from 2.83% in the prior week
The average rate on the 5-year Treasury-indexed hybrid adjustable-rate mortgage increased to 2.77% from 2.75%
The 1-year Treasury-indexed ARM declined to 2.65% from 2.70%.
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