30-Year Mortgage Rates at 8-Month High

Rates on 30-year fixed-rate mortgages rose to 6.12% this week from 6.01% last week, marking the seventh consecutive weekly increase and the highest level in eight months, Freddie Mac reported.

Rates for 15-year fixed-rate mortgages climbed to 5.47%, compared with 5.35% last week. It was the highest level since the week of Sept. 5.

For one-year adjustable-rate mortgages, rates were 3.76% this week, up from 3.75% last week.

The nationwide averages for mortgage rates do not include add-on fees known as points. Each loan type carried an average fee of 0.7 point this week.