Markets & Economy

Mortgage rates inch up

Freddie Mac: Rates on 30-year fixed-rate mortgages averaged 3.68 percent this week

Mortgage rates inched up this week amid mixed economic reports.

Rates on 30-year fixed-rate mortgages averaged 3.68 percent with an average point of 0.6 for the week ending April 30, up from 3.65 percent last week but down from 4.29 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Rates on 15-year fixed-rate mortgages, five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) and one-year Treasury-indexed ARMs also ticked up.

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Email Teke Wiggin.