Mortgage rates inched up this week, but still remain low

Bankrate reports that mortgage rates inched up this week, but they remain attractive as more homebuyers and refinancers jump at the opportunity to grab a low rate.

• The benchmark 30-year fixed-rate mortgage rose to 4.34 percent from 4.32 percent the previous week, according to the Bankrate.com national survey of large lenders. One year ago, that rate stood at 4.14 percent. Four weeks ago, it was 4.32 percent. The mortgages in this week’s survey had an average total of 0.36 discount and origination points.
• The benchmark 15-year fixed-rate mortgage rose to 3.43 percent from 3.41 percent last week.
• The benchmark 5/1 adjustable-rate mortgage rose to 3.37 percent from 3.31 percent. The benchmark 30-year fixed-rate jumbo rose to 4.41 percent from 4.35 percent.

30 year fixed rate mortgage – 3 month trend Read more: http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx#ixzz34TR9CNOd