Long-term mortgage rates climbed above 5 percent this past week,as 30-year,fixed loans averaged 5.01 percent compared to 4.98 percent the previous week,according to Freddie Mac. Average interest on 15-year,fixed loans rose to 4.40 percent from 4.39 percent;and five-year,adjustable-rate mortgages climbed to 4.27 percent from 4.25 percent. One-year ARMs fell to 4.22 percent from 4.29 percent a week earlier.
[SOURCES:Freddie Mac;Information,Inc.]
