Thirty-year fixed rates moved up to 3.64%, 6 basis points higher than last week’s 3.58%, reports Jeff Lazerson, mortgage broker and contributing columnist for The Orange County (Calif.) Register.

Lazerson breaks down Freddie Mac's weekly survey and shares his insight.

Assuming a borrower gets the average 30-year conforming fixed rate on a $417,000 loan, last year’s rate of 3.87% and payment of $1,960 was $55 more than this week’s payment of $1,905, he explains.

The 15-year rate increased even more in recent days.

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