For the second week in a row, Freddie Mac reported 30- and 15-year fixed rates, along with 5/1 hybrid ARM rates, increased as yields rose in response to better-than-expected economic data, specifically last Friday's jobs report.

The 30-year fixed rate averaged 3.59% for the week ending Aug. 9, up four basis points from last week; the rate is at its highest level in four weeks. The 15-year rates increased just one basis point to 2.84%, while hybrid rates rose to 2.77% from 2.75%. Meanwhile, one-year ARMs declined for the third straight week to 2.65%, down five basis points from last week.

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