Hello neighbors,

It finally happened, the trend of the falling mortgage rates was rudely interrupted with a rise of the 30-year FRM and the 5-year adjustable rate mortgage.

According to Freddie Mac's Primary Mortgage Market Survey, for the week ending September 9th, the 30-year FRM reported an average 4.35 percent with an average point of 0.7. This number was an increase from the previous week's average of 4.32 percent. In comparison to a year ago at this time, the average for the 30-year FRM was 5.07 percent.

As for the 15-year FRM, there was a continued and unchanged record low of 3.83 percent and an average 0.6 point. A year ago the 15-year FRM was averaging 4.50 percent at this time.

Like the 30-year FRM, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) experienced an increase with an average 3.56 percent and an average point of 0.6 in comparison to last week's average of 3.54 percent. Last year during this time, the 5-year ARM was averaging 4.51 percent.

Lastly, the 1-year Treasury-indexed ARM kept the falling trend with an average 3.46 percent and an average point of 0.7 from the previous week's average of 3.50 percent. Last year at this time, the average was 4.64 percent.