Greetings neighbors,

According to Freddie Mac's most recent Primary Mortgage Market Survey or PMMS, long term rates rose to over 5 percent for the first time in three weeks for the week ending February 25th. According to the survey that was released today, 30-year fixed - rate mortgages (FRM) were 5.05 percent with an average 0.7 point. In comparison, this number is up from last week's average of 4.93 percent but still down from last year's number at this time of 5.07 percent.

As for the numbers on 15-year FRM's, the average was 4.40 percent with an average 0.7 point which is also up from last week's average of 4.33 percent, but still down from last year's average of 4.68 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) showed an average of 4.16 with an average point of 0.6 which is up from it's average of 4.12 last week but down from last year's ARM average of 5.06 percent.

Lastly, the 1-year Treasury-indexed ARM came in at an average of 4.15 percent and average 0.6 point which like the others was up from last week's average of 4.23 percent and still down from last year's 1-year ARM average of 4.81 percent.