U.S. mortgage rates show increase

MCLEAN, Va., Dec. 13 (UPI) -- Long and short term U.S. mortgage rates were up this week, reversing a recent trend, the Freddie Mac market report said Thursday.

The 30-year fixed-rate mortgage averaged 6.11 percent with an average 0.5 point, up from last week's 5.96 percent .

The 15-year fixed-rate mortgage averaged 5.78 percent with an average 0.5 point, up from last week's 5.65 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 5.89 percent this week, with an average 0.6 point, up from last week's 5.75 percent.

One year Treasury-indexed ARMs averaged 5.50 percent this week with an average 0.6 point, up from last week when it was 5.46 percent.

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