Mortgage Rates Rise to Highest Level in Five Weeks


Rates on 30-year mortgages rose to the highest level in five weeks but still remained below the 6% level.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.72% this week, up from 5.67% last week.
The 30-year mortgage started the year at 6.07% but dropped the next week to below 6% and has remained below that threshold for six straight weeks, raising hopes that lower rates will