REAL ESTATE

Mortgage Rates Rise: Thirty-year, fixed-rate mortgages averaged 8.24% this week, up from 7.99% last week, according to a national survey by the Federal Home Loan Mortgage Corp. It is the highest average since May 4, 1995, when rates averaged 8.27%. Rates then dropped below 8% and remained there until Feb. 15, when they dipped to 6.94%. But in recent weeks, rates have risen into the upper 7% range, and they hit 8.04% on April 11. On one-year, adjustable-rate mortgages, lenders were asking an average initial rate of 5.80%, up from 5.76% last week. Fifteen-year mortgages averaged 7.75% this week, up from 7.50% a week earlier. The rates do not include points.