The Real Deal Miami

Mortgage rates rise for week

August 28, 2009 12:02PM

Mortgage rates rose this week from a week ago but still average far below the year-ago level, according to Freddie Mac’s Primary Mortgage Market Survey for the week ending yesterday. The 30-year fixed-rate mortgage averaged 5.14 percent, up from 5.12 last week but down from 6.4 at this time last year. The 15-year rate averaged 4.58 percent, a slight increase from last week’s 4.56 but a drop from 5.93 a year ago.