BANKING& FINANCE

Fixed-Rate Mortgage Rates Rise: Thirty-year, fixed-rate mortgages averaged 7.89% this week, up from 7.84% the week before, according to a national survey released by the Federal Home Loan Mortgage Corp. It was the highest rate in two weeks but nevertheless marked the fifth time in six weeks that the rate has been less than 8%. On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.03%, down from 5.15% last week. It was the lowest rate since the corporation began tracking ARMs in 1984. The rates do not include add-on fees known as points.