Mortgage rates move up on jobs report

Mclean, Va. -- Revised September employment figures triggered an upward move of mortgage rates, Freddie Mac said in its weekly report Thursday.

The 30-year fixed-rate mortgage this week averaged 6.40 percent with an average 0.4 point, up from last week’s 6.37.

The 15-year FRM averaged 6.06 percent with an average 0.5 point, up from last week’s 6.03 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 6.12 percent this week, with an average 0.5 point, up slightly from last week’s 6.11 percent.

One-year Treasury-indexed ARMs averaged 5.73 percent this week with an average 0.6 point, up from last week’s 5.58 percent.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing.

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