This week mortgage rates hit 25-week high.  Conventional mortgages reached their highest rates year to date.  According to Freddie Mac the 30-year fixed rate mortgage hit a 25-week high of 5.29 percent during the week ended June 4, up from 4.91 percent the prior week. As recently as two months ago, rates had been 4.78 percent. 
The 15-year fixed rate also increased, rising to 4.79 percent from 4.53 percent.  The five-year adjustable mortgage rate climbed to 4.85 percent from 4.82 percent, and the one-year ARM surged to 4.81 percent from 4.69 percent.

Are rates on the way back up?