Mortgage rates are collected Monday through Wednesday of each week by mortgage giant, Freddie Mac.  This week’s results show that the interest rates have jumped from 4.93% last week to 5.05% this week.  Although these rates appear high in comparison to the last few months, they are still attractive to potential homebuyers or those looking to refinance.

The FED has been pumping $1.25 trillion into mortgage backed securities in an effort to maintain the mortgage rates at around 5%. This program is scheduled to expire at the end of March, however the FED has mentioned being open to extending the program if the economy begins weakening.

Mortgage rates do not include add-on fees, also known as points, each point is the equivalent of 1% of the total loan amount.