30-Year Mortgage Rates Up 2nd Week in a Row

Rates on 30-year fixed-rate mortgages, rising a second consecutive week, averaged 5.69% for the week ended Thursday, compared with 5.62% last week, according to a weekly survey by mortgage firm Freddie Mac.

Rates on 15-year fixed-rate mortgages, a popular option for refinancing, rose to 5.22%, compared with 5.14% last week. Rates on one-year adjustable-rate mortgages rose to 4.16%, compared with 4.15% last week.

Five-year hybrid adjustable-rate mortgages averaged 5.05%, the same as last week. These mortgages have a fixed rate for five years and then adjust each year after that.

The nationwide averages for mortgage rates do not include add-on fees known as points. The 30-year and 15-year mortgages each carried a 0.7-point financing fee, and the one-year ARM and five-year mortgages each carried a 0.7-point fee.