Monday, April 24, 2017

Average US 30-Year Mortgage Rises to 3.52 Percent

By on October 20, 2016

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week for a second straight week, reaching their highest levels since June.

FILE - In this July 22, 2015, file photo, a "Sold" sign is posted outside a Harbor Beach neighborhood home in Fort Lauderdale, Fla. Losing a home to a foreclosure or short sale is devastating, but it doesn’t have to define you. Rebuilding credit, working with a housing counselor and steering clear of predatory lenders are just a few of the ways to get back on your feet and on the path to owning another home. (AP Photo/Wilfredo Lee, File)

FILE – In this July 22, 2015, file photo, a “Sold” sign is posted outside a Harbor Beach neighborhood home in Fort Lauderdale, Fla.  (AP Photo/Wilfredo Lee, File)

Mortgage giant Freddie Mac says the average for a 30-year fixed-rate mortgage increased to 3.52 percent from 3.47 percent last week.

Rates still remain near historic lows. The benchmark 30-year rate is down from 3.79 percent a year ago and close to its all-time low of 3.31 percent in November 2012.

The 15-year fixed-rate mortgage, popular with homeowners who are refinancing, rose to 2.79 percent from 2.76 percent.

image_print

You must be logged in to post a comment Login

Start your Free Trial for a limited time!