In Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 5.05 percent for the week ending February 25, 2010 - up from the previous week when it averaged 4.93 percent.
Last year at this time, the 30-year fixed-rate mortgage averaged 5.07 percent.
Rates for 30-year fixed mortgages followed long-term bond yields higher and rose above 5 percent this week amid a mixed set of economic data reports," said Frank Nothaft, Freddie Mac vice president and chief economist.
Mortgage Rates
U.S. averages as of February 25, 2010:
30 yr. fixed: 5.05%
15 yr. fixed: 4.40%
1 yr. adj: 4.15%
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