After six weeks in a row of hitting new lows, fixed rates finally reversed course this past week and rose slightly. Freddie Mac announced that for the week ending June 14, 30-year fixed rates increased from 3.67% to 3.71%. The average for 15-year loans rose to 2.98%. Adjustable rates were down, with the average for one-year adjustables falling to 2.78% and five-year adjustables decreasing to 2.80%. A year ago 30-year fixed rates were substantially higher at 4.50%. Attributed to Frank Nothaft, Vice President and Chief Economist, Freddie Mac, "Fixed rates on home loans edged up slightly from record lows during a mild week of economic data releases. The Federal Reserve Board reported that household net worth rose by $2 trillion to $62.9 trillion over the first three months of 2012 primarily due to increases in stock markets. However, this is still well below the peak of $67.5 trillion set in the third quarter of 2007. Nonetheless, homeowners saw an aggregate $372 billion rise in property values over the first three months of this year." Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.