US mortgage rates rise in latest week -Freddie Mac

NEW YORK Aug 13 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages rose 0.07 percentage point in the latest week, according to a survey released on Thursday by home funding company Freddie Mac FRE.P.

Interest rates on the 30-year fixed-rate mortgage averaged 5.29 percent, with an average 0.7 point, for the week ending Aug. 13, up from the previous week's 5.22 percent.

The mortgage rate was also significantly higher than the record low of 4.78 percent set the week ending April 2. Freddie Mac started the Primary Mortgage Market Survey in 1971.

"Long-term fixed-rate mortgage rates rose slightly over the past week while initial rates on adjustable-rate mortgages (ARMs) were little changed," Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement. (Editing by James Dalgleish)