The 30-year mortgage rates are still on upward trend at 6.63. The 15-year mortgage fixed rates, which are the most popular choice in refinancing, has an increase of 2% from. The home mortgage is at 6.22% which is up from last week's 6.21%. However, the one-year adjustable rate mortgage went down from 6.21% to 5.67%.

The mortgage rates do not include the add-on fees as points. Higher mortgage rates are expected to slow down the home sales for 2006. Home sales have hit high records for five years now. This is fueled by the low mortgage rates.