Rates Rise

The average 30-year fixed mortgage rate rose to 5.72% for the week ending Feb. 6 from 5.68% the previous week, according to Freddie Mac's Primary Mortgage Market Survey.The average 15-year fixed mortgage rate rose from 4.97% to 5.03%, and the average rate for one-year Treasury-indexed adjustable-rate mortgages rose from 3.59% to 3.61%. Fees and points averaged 0.6 of a point for all three mortgage categories. "Shrugging off statements by the Fed last week, mortgage rates remained relatively more stable than bond market yields," said Amy Crews Cutts, Freddie Mac's deputy chief economist. "Without a key indicator that would move it one way or another, the financial market is in something of a state of limbo." A year ago, the average 30-year and 15-year fixed rates were 5.88% and 5.27%, respectively, and the average one-year ARM rate was 3.89%, Freddie Mac said. Freddie Mac can be found online at http://www.freddiemac.com.