After decreasing last week, fixed related mortgage rates moved higher for the week ending Dec. 30. According to Freddie Mac's survey, 30-year fixed mortgage rates jumped five basis points to 4.86% with an average 0.8 point.

Rates are at their highest level since early to mid-May. With the no-point rate over 5%, many credit-eligible borrowers are out of the refinancing window, which indicates slower prepayments in the months ahead. 

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