After falling four of the past five weeks, mortgage rates reversed course and moved higher.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 2.87% with an average 0.7 point. (Points are fees paid to a lender equal to 1% of the loan amount. They are in addition to the interest rate.) It was 2.77% a week ago and 2.96% a year ago.