The Buzz | Average US rate on 30-year mortgage edges up to 3.67 percent
Average long-term U.S. mortgage rates rose slightly this week but remained close to historically low levels with the spring home-buying season underway.
Mortgage giant Freddie Mac says the national average for a 30-year fixed-rate mortgage edged up to 3.67 percent from 3.66 percent last week. The average rate for a 15-year mortgage, popular with homeowners who refinance, rose to 2.94 percent from 2.93 percent last week.
A year ago, the average 30-year mortgage rate was 4.27 percent and the 15-year rate was 3.33 percent. The 30-year average rate reached a record low of 3.35 percent in November and December 2012, when the 15-year rate hit a record-low 2.66 percent.
Mortgage rates have remained low even though the Federal Reserve last October ended its monthly bond purchases.
Leave a reply
You must be logged in to post a comment.
