Freddie Mac released its Primary Mortgage Market Survey (PMMS) this morning showing an increase in 30 year mortgage interest rates in this week's survey. Longer term mortgage rates were slightly higher and one year adjustable mortgage interest rates were lower.

"Following bond yields, long-term mortgages rates edged up slightly this week," said Frank Nothaft, Freddie Mac vice president and chief economist.  "Although rates for 5/1 ARMs and traditional 1-year ARMs are around half a percentage point below 30-year fixed mortgages, consumers appear to be seeking the stability of fixed-rate mortgages".

Read More Here: Current Mortgage Rates

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