Freddie Mac recently released the results of its Primary Mortgage Market Survey for the week ending October 12. The report showed fixed- and adjustable-rate mortgages were up following the recent unemployment report that came out for September.

For the week, the 30-year fixed-rate mortgage was up to 3.39%, compared to 3.36% the previous week. However, the rate was lower than it was 12 months ago, when it was at 4.12%. The 15-year FRM inched up from 2.69% last week to 2.70% this week; twelve months ago, it was at 3.37%.

The five-year adjustable-rate mortgage was at 2.73%, compared to 2.72% the week before and 3.06% last year. The one-year ARM averaged 2.59% this week, higher than last week’s figure of 2.57% but lower than last year’s rate of 2.90%.

The rate increases came upon news from the U.S. Department of Labor that the unemployment rate was down at 7.8% — the lowest level since January 2009 — and the workforce grew by 114,000 workers. Some applauded the news as a sign that the economy was recovering while others argued the numbers don’t tell the real story about the number of unemployed (those whose benefits expired or who stopped looking for work) and that the drop in the jobless rate was an election year ploy concocted by the Labor Department to get the incumbent president re-elected.