Mortgage Giant, Freddie Mac released this weeks Prime Mortgage Market Survey (PMMS) showing the average mortgage rates on a fixed rate mortgage continuing to climb since election day.

The surveys reveals the following:

30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.4 point for the week ending January 26, 2017, showing a quite a rise from last week when it averaged 4.09 percent.

15-year FRM this week averaged 3.40 percent with an average 0.4 point, showing a jump from last week when it averaged 3.34 percent.

5/1-year ARM averaged 3.20 percent this week with an average 0.4 point and a 2.74 margin, dropping from last week when it averaged 3.21 percent.

The rise in the mortgage rates was fueled by a decline in U.S. bond prices after election day. Investors flooded to the stock market and pulled out of the bond markets causing Treasury yields to spike. These high rates can affect the housing recovery, making home buying less affordable.

Home sales across the country are at a 10 month low as the mortgage rates continue to rise. Single family home sales have dropped 10.4%, the most in almost 2 years. The supply in homes for sale increased to 5.8 months, this is the highest the inventory has been since September of 2015.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each week. The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.