Rates on 30-year mortgages hover near 4 percent

Rates on 30-year fixed-rate mortgages averaged 4.14 percent with an average 0.5 point for the week ending June 5, up from 4.12 percent last week and 3.91 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Rates on 15-year fixed-rate mortgages increased, while rates on five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans and one-year Treasury-indexed ARMs fell.