Mortgage rates rise, marking 1st weekly gain of 2015

Fixed mortgage rates this week rose for the first time in 2015, with Freddie Mac’s widely watched survey pegging the 30-year conventional rate at 3.66%, up from 3.63% last week.

The average rate for a 15-year fixed home loan was 2.98%, up from 2.93%. Start rates for adjustable loans rose as well, Freddie Mac said Thursday.

The average rate for a 30-year conventional mortgage had been 4% or higher for 18 months before dropping below that threshold in December.

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