WASHINGTON – Average U.S. rates on fixed mortgages rose this week but remained near record lows, keeping home buying more affordable.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed loan increased to 3.42 percent from 3.38 percent last week. That’s still near the 3.31 percent rate reached in November, the lowest in records dating to 1971. The average on the 15-year fixed mortgage increased to 2.71 percent from 2.66 percent last week. The record low is 2.63 percent.
The Associated Press
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.