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In most instances, the average mortgage interest rates reported for April went up, the Federal Housing Financing Agency said.

For mortgage loans of $417,000 or less, the average 30-year interest rate shot up three basis points to 5.12 percent, according to the FHFA Monthly Interest Rate Survey of purchase-money mortgages. However, for 15-year fixed-rate mortgage loans, the average rate decreased to 4.52 percent by 5 basis points during April.

The FHFA survey looked at loans which were closed in between April 26 and April 30. In most cases, interest rates are set anywhere from 30 to 45 days prior to the closing of the loan, showing the market conditions occurring from mid- to late-March, the FHFA said.

The contract rate for adjustable- and fixed-rate loans went up three basis points in April to 5.02 percent from March’s 4.99 percent. April loan balance initial fees and charges increased from 0.61 percent in March to 0.63 percent in April. The FHFA survey also found that 45 percent of purchase-money home loans started off as no-point mortgages.

April saw a large number of consumers purchasing homes. Experts contribute it to the homebuyers tax credit, more affordable prices, and increased consumer confidence.