Rates for the 30-year fixed-rate mortgage rose slightly last week, as recent figures showing an active home-sales market suggest homebuyers are taking advantage of current conditions, according to Freddie Mac.
The average rate for a 30-year fixed mortgage rose 1 basis point to 3.59%,
The average 15-year rate fell 1 basis point to 2.85%. The average rate for five-year, Treasury-indexed hybrid adjustable-rate mortgages fell 3 basis points to 2.81%.
Home prices rose 0.4% in February, compared to January, the Federal Housing Finance Agency
