Mortgage rates around the country rose this week but are still at levels that should continue to provide support to the vibrant housing market, analysts say.
Rates on 30-year, fixed-rate mortgages averaged 5.70 percent for the week ending Nov. 4, Freddie Mac said in its weekly survey released Thursday. That was up from 5.64 percent last week.
For 15-year, fixed-rate mortgages, a popular option for refinancing, rates rose this week to 5.08 percent, up from 5.01 percent last week. For one-year adjustable rate mortgages, rates averaged 4 percent this week, compared with 3.96 percent last week.