Home loan Rates Begin to Nudge Higher

For the first time in four weeks, fixed-rate mortgages reversed course this week and began to edge higher.

"Headed into the fall, we'll likely see continued interest rate tension, with dollar appreciation weighing against possible Fed rate hikes leaving the rate outlook clouded," says Sean Becketti, Freddie Mac's chief economist.

Freddie Mac  showed the following national averages with mortgage rates for the week ending Aug. 13:

• 30-year fixed rate mortgages: average 3.94 percent, with a average 0.6 point, rising from last week's 3.91 percent average. Last year at this time, 30-year rates averaged 4.12 percent.

•15-year fixed rate mortgages: average 3.17 percent, with a average 0.6 point, rising from a week ago's 3.13 percent average. A year back, 15-year rates average 3.24 percent.

5-year hybrid adjustable-rate mortgages: average 2.93 percent, with a average 0.5 point, dropping from a last week's 2.95 percent average. A year back, 5-year ARMs average 2.97 percent.

•1-year ARMs: average 2.62 percent, with a average 0.3 point, rising from last week's 2.54 percent normal. A year ago,1-year ARMs average 2.36