Mortgage rates edge up

Rates on 30-year fixed-rate mortgages averaged 4.4 percent with an average point of 0.6 for the week ending March 27, up from 4.32 percent last week and 3.57 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Rates on 15-year fixed-rate mortgages and five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans also increased, while rates on one-year Treasury-indexed ARMs fell.

Source: Freddie Mac