Pushed up by Treasury yields, mortgage rates wandered upward for the third week in a row, according to the latest data released Thursday by Freddie Mac.

Home loan rates are affected by several factors, including Treasury yields. When Treasury yields are higher, interest rates rise. Earlier this week, the yield on 10-year bond rose to its highest level in six months.

The 30-year fixed-rate average climbed to 3.85 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.8 percent a week ago and 4.2 percent a year ago.

The 15-year fixed-rate average grew to 3.07 percent with an average 0.6 point. It was 3.02 percent a week ago and 3.29 percent a year ago.

Hybrid adjustable rate mortgages were mixed. The five-year ARM average dropped to 2.89 percent with an average 0.5 point. It was 2.9 percent a week ago and 3.01 percent a year ago.

The one-year ARM average rose to 2.48 percent with an average 0.4 point. It was 2.46 percent a week ago.

“The labor market continues to improve with U.S. economy adding 223,000 jobs in April, a solid rebound from merely 85,000 job gains in March” Len Kiefer, Freddie Mac deputy chief economist, said in a statement.

“Also, the unemployment rate dipped to 5.4 percent in April as the participation rate ticked up to 62.8 percent and jobless claims were far less than expected.”

Meanwhile, mortgage applications fell again this week, according to the latest data from the Mortgage Bankers Association.

The market composite index, a measure of total loan application volume, decreased 3.5 percent. The refinance index sank 6 percent, while the purchase index was flat, inching up 0.2 percent.

The refinance share of mortgage activity accounted for 51 percent of all applications, its lowest level in a year.

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