Mortgage Rates Edge Upward

Freddie Mac says the 30-year fixed mortgage rate edged up to 6.40% from 6.37% over the past week. The 15-year fixed mortgage rate climbed to 6.06% from 6.03%. Meanwhile, interest on one-year adjustable loans jumped to 5.73% from 5.58%; and the five-year ARM bumped up to 6.12% from 6.11%.