Freddie Mac said the average rate on 30-year fixed-rate mortgages increased from last week to 8.06% for the week ended Dec. 31.
In the 15-year sector, fixed-rate mortgages increased to 7.66% from the prior week's 7.57%. A year ago, the rate was 6.48%. The rate for one-year Treasury-indexed adjustable-rate mortgages averaged 6.56%, down from last week's average of 6.64%. A year ago, this rate was 5.63%.