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by CareyBot

Long-term mortgage interest rates moved higher for the first time in five weeks, fueled by a rise in consumer confidence, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac's weekly survey, the 30-year fixed-rate mortgage averaged 6.08 percent for the week ended today, up from last week when it averaged 5.98 percent. The average for the 15-year fixed-rate mortgage this week is 5.49 percent, up from last week when it averaged 5.39 percent. Points on both the 30- and 15-year averaged 0.6. One-year Treasury-indexed adjustable-rate mortgages averaged 4.17 percent this week, with an average 0.6 point, up from last week when it averaged 4.12 percent. "Mortgage rates rose a little this week in response to expectations that the Federal Reserve Board is ...