WASHINGTON — Average U.S. mortgage rates rose only slightly this week and continued to hover near record lows, a trend that has helped boost home sales and refinancing.
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year fixed mortgage edged up to 3.41 percent, from 3.37 last week. Three weeks ago, the rate touched 3.36 percent. That’s the lowest level on records dating to 1971.
The average rate on the 15-year fixed mortgage, often used for refinancing, rose to 2.72 percent. That’s up from last week’s record low of 2.66 percent.
The rate on the 30-year loan has remained below 4 percent all year, helping drive a modest housing recovery. The Associated Press
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