Industries Banking/Finance

Mortgage rates follow Treasury rates higher

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Average mortgage rates grew this week as Treasury yields went up.

The 30-year, fixed-rate mortgage averaged 4.6 percent, up from 4.51 percent last week, according to McLean-based Freddie Mac’s weekly survey of mortgage rates. A year ago, the 30-year mortgage was 4.57 percent.

The 15-year, fixed-rate mortgage averaged 3.75 percent, up from 3.69 percent last week. A year ago, the 15-year rate averaged 4.07 percent.

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