A survey today released by Freddie Mac showed fixed rates were up from last week but down from fixed rates at this time last year.  Meanwhile, adjustable rates were up from last week but considerably lower from adjustable rates at this time last year:

• 30-year, fixed-rate loans averaged 6.04%, up from 5.72% a week ago, but lower than the year-ago 6.22%
• 15-year fixed-rate loans averaged 5.64%, up from 5.25% a week ago, but down from 5.97% a year ago.
• Five-year Treasury-indexed adjustable-rate mortgages averaged 5.37%, compared with 5.19% a week ago and 5.96% a year ago.

"After trending up in the past two weeks, long-term fixed mortgage rates are back up to nearly where they were at the beginning of the year. In contrast, average rates on adjustable-rate mortgages are about 0.5 percentage points below levels of the first week of this year," said Frank Nothaft, Freddie Mac vice president and chief economist. "As the spread between long-term fixed-rates and adjustable-rates widens, it's possible we could see a slight increase in the popularity of adjustable-rate mortgages."