Mortgage rates ticked up this week following six weeks of declines, according to a Thursday report by mortgage buyer Freddie Mac, which linked the gains to strong labor market and earnings data.
The average rate for the 30-year mortgage jumped by 10 basis points to 2.87 percent from 2.77 percent last week, the report showed. The benchmark rate, which reached a peak this year of 3.18 percent in April, stood at 2.96 percent a year ago.
