On one-year adjustable-rate mortgages, lenders were asking an average initial rate of between 8.56 percent and 8.73 percent.

And for one-year adjustable mortgages with a 30-year term, the average rose to 7.57 percent, from 7.49 percent.

Interest rates on one-year adjustable-rate mortgages averaged 3.77 percent last week, increasing from 3.72 a week earlier.

The latest index - the underlying, moving rate - on most one-year adjustable mortgages is 7.24 percent, down from 7.73 two years ago.

On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 8.25 percent.

Since March 2004, there has been a 59 percent increase in one-year adjustable-rate mortgages.

The rate for one-year adjustable mortgages, which was already at a low, fell even further, to 7.41 percent from 7.44 percent.

The biggest move was in one-year adjustable-rate mortgages, up 0.13 percent, to 5.60 percent.

The average rate for a one-year adjustable mortgage, at 6.76 percent, has risen more than 2.5 percentage points.

Rates on one-year adjustable mortgages have not fallen so sharply.