Mortgage Rates Inch Up, Remain Below 5%: Freddie Mac

Mortgage rates inched up this past week, but still remain below the 5% threshold as the market approaches home-buying season, Freddie Mac said Thursday.

The 30-year, fixed-rate mortgage rose to 4.91% from 4.87% the previous week, but lower than last year’s rate of 5.07%. The 15-year, fixed-rate mortgage climbed to 4.13% from 4.1% and remains below the 4.4% a year earlier.

At the same time, the five-year hybrid adjustable-rate mortgage hit 3.78% this week, up from 3.72% last week yet lower than 4.08% a year earlier.

Read More: Mortgage rates inch up, remain below 5%: Freddie Mac « HousingWire.