Mortgage rates rise marginally

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Rates on 30-year fixed-rate mortgages averaged 4.4 percent with an average point of 0.7 percent for the week ending Aug. 8, up from 4.39 percent last week and 3.59 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Rates on 15-year fixed-rate mortgages stayed flat, while rates on five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans rose marginally and rates on one-year Treasury-indexed ARMs dropped slightly. Source: Freddie Mac