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by CareyBot

Mortgage rates continued higher this week, marking the seventh consecutive weekly gain since mid-September, according to Freddie Mac's weekly survey released today. In Freddie Mac's survey, the 30-year fixed-rate mortgage averaged 6.15 percent, with an average 0.5 point, for the week ended today, up from last week's average of 6.1 percent. The average for the 15-year fixed-rate mortgage is 5.69 percent, with an average 0.5 point, up from last week when it averaged 5.65 percent. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.63 percent this week, with an average 0.6 point, up from last week when it averaged 5.59 percent. The one-year Treasury-indexed ARM averaged 4.91 percent, with an average 0.7 point, up from last week when it averaged 4.89 percent. "Althoug...