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by CareyBot

Mortgage rates were up again this week on news the economy added an impressive 180,000 nonfarm jobs in March, Freddie Mac reported today in its weekly survey. The 30-year fixed-rate mortgage rose to an average 6.22 percent from 6.17 percent last week, Freddie Mac reported, and the 15-year fixed rate grew from 5.87 percent to 5.9 percent. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.4 on the 30- and 15-year loans. Adjustable-rate mortgages also became a little more expensive this week, as the five-year Treasury-indexed hybrid ARM grew to an average 5.93 percent from last week's 5.92 percent and the one-year Treasury-indexed ARM gained from 5.44 percent to 5.47 percent. Points on these loans averaged 0.5 percent. "Interest rates in ...