NEW YORK ( TheStreet)-- Freddie Mac ( FMCC) said Thursday both long- and short-term mortgage rates have been on the rise in the past week.

The federal lender said its latest survey found that 30-year fixed-rate mortgage averaged 4.80% for the week ended Jan. 27, up from 4.74% last week. To get that 4.80% rate, borrowers paid an average of 0.7 of a point.

"Mortgage rates followed bond yields a little higher this week amid positive reports from The Conference Board that suggest the economy is strengthening," said Frank Nothaft, vice president and chief economist of Freddie Mac in a press release.

The 15-year fixed-rate mortage averaged 4.09%, up from 4.05% in the prior week. The five-year Treasury-indexed hybrid adjustable-rate mortgage also inched up, rising to 3.70% this week from 3.69% last week, while the one-year Treasury-indexed adjustable-rate mortgage swelled to 3.26% from 3.25% last week.

--Written by Maria Woehr in New York.

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