Mortgage rates edged up slightly over the last week amid continued uncertainty about the state of global affairs.
The 30-year fixed-rate mortgage averaged 3.65% during the week ending Jan. 16, up a single basis point from the previous week when rates dropped as a result of growing tensions between the U.S. and Iran, Freddie Mac
The 15-year fixed-rate mortgage increased two basis points to an average of 3.09%, according to Freddie Mac. The 5-year Treasury-indexed hybrid adjustable mortgage averaged 3.39%, rising nine basis points from a week ago.
The direction of mortgage rates tends to reflect movement in the 10-year Treasury yield. Before this past week, investors had rushed…