Mortgage rates posted the first increase in five weeks, with the average conforming 30-year fixed mortgage rate now 4.63 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.43 discount and origination points.

The average 15-year fixed mortgage reversed course to 4.11 percent, and the larger jumbo 30-year fixed rate inched lower to a new record low of 5.26 percent. Adjustable rate mortgages were mixed, with the average 3-year ARM rising to 4.28 percent and the average 7-year ARM slipping to 4.19 percent.

Mortgage rates may have been higher this week, but its not all bad news. Mortgage rates are currently at the second lowest level on record, after last week's record low. Also, with rates for larger jumbo mortgages that don't carry federal guarantees moving lower while smaller conforming loan rates increased, the spread between them hasn't been narrower since the first days of the credit crunch over three years ago.

The last time mortgage rates were above 6 percent was Nov. 2008. At that time, the average rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 4.63 percent, the monthly payment for the same size loan would be $1,028.88, a savings of $213 per month for a homeowner refinancing now.

SURVEY RESULTS

30-year fixed: 4.63% - up from 4.57% last week (avg. points: 0.43)

15-year fixed: 4.11% - up from 4.06% last week (avg. points: 0.44)

5/1 ARM: 3.95% - up from 3.92% last week (avg. points: 0.24)