After falling to new lows last week, interest rates for 30-year fixed-rate mortgages climbed to 3.82 percent, real estate Web site ""Zillow"":http://www.zillow.com/ said Tuesday.
[IMAGE]The Web site polled anonymous quotes from online users to release the latest Zillow Mortgage Marketplace, which it offers weekly.
[COLUMN_BREAK]While the 30-year loan averaged 3.8 percent, the 15-year fixed-rate mortgage hovered around 3.12 percent.
Rates for 5-year and 1-year adjustable-rate mortgages (ARMs) meanwhile went to 2.76 percent.
""The 30-year fixed mortgage rate rose above 3.8 percent last week as more lenders increased their prices to cover a government-mandated fee on Fannie Mae and Freddie Mac loans,"" ""Erin Lantz"":http://www.zillow.com/profile/Erin-Lantz/, director of Zillow Mortgage Marketplace, said in a statement.
""The new fee was voted on by Congress late last year to pay for the extension of a payroll tax deduction and federal unemployment benefits,"" she added, saying that while the fee does not take effect until April 2012, ""lenders already are incorporating it into their rates to cover for future closings.""
Mortgage rates have remained near all-time lows as investors continue to flee from European markets, which remain afflicted by concerns over their debt crises.