The national average 30-year fixed-rate mortgage rose 3 basis points this past week, to 4.95 percent with an average total of 0.45 discount and origination points, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. One year ago, the 30-year mortgage index was 5.65 percent. Last week, the benchmark 15-year fixed-rate mortgage edged up at 4.36 percent.

Today's mortgage rates remain near record lows, spurring on refinance activity. Refinance mortgage loan application volume is now at its highest level since October 2009, according to the Mortgage Bankers Association.

[SOURCE: Bankrate.com]

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