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by CareyBot

Long-term mortgage rates this week jumped to highs not seen since the summer of 2003, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage rose to an average 6.37 percent for the week ended today, up from last week's average of 6.24 percent. The average for the 15-year fixed mortgage gained slightly this week to 6 percent, up from last week's average of 5.89 percent. Points on both the 30- and 15-year averaged 0.6. The 30-year fixed has not been higher since Sept. 5, 2003, when it was 6.44 percent. The 15-year fixed has not been higher since July 5, 2002, when it averaged 6.03 percent. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 6.03 percent this week, with an average 0.7 point, up from last w...