Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
WASHINGTON (AP) — U.S. long-term mortgage rates increased this week, though they remain lower than a year ago in a positive sign for home sales.
Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage rose to 4.17% from 4.12% last week and 4.47% a year ago. Average mortgage rates have been trending downward since peaking at nearly 5% in November, helping to increase home sales after a rough 2018.
The average rate this week for 15-year, fixed-rate home loans rose to 3.62% from 3.60%.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.