Freddie Mac reports a jump in the 30-year fixed mortgage rate to 4.87 percent during the week ended April 9 from record lows posted during the last couple of weeks. The 15-year fixed mortgage rate climbed to 4.54 percent from 4.52 percent.

Meanwhile, the five-year hybrid adjustable rate bumped up to 4.93 percent from 4.92 percent, and the one-year ARM rose to 4.83 percent from 4.75 percent.

Source: San Diego Union-Tribune (04/10/09)

Rates are still great! Thinking of buying….now is the time!!!