Mortgage rates crept higher last week, according to mortgage buyer Freddie Mac. The benchmark 30-year fixed rate mortgage averaged 3.66% in the week ending Jan. 29, up from 3.63%. A year ago, the 30-year averaged 4.32%. The 15-year fixed-rate averaged 2.98%, up from 2.93%; the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.86%, up from 2.83%; and the 1-year Treasury-indexed ARM averaged 2.38%, up from 2.37%.

read more…

http://www.marketwatch.com/story/30-year-fixed-rate-mortgage-edges-up-to-366-freddie-mac-2015-01-29