Tags: mortgage | rates | 30-year | 15-year

Average 30-Year Mortgage Rate Rises to 4.41 Percent

Thursday, 03 Apr 2014 10:12 AM

Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.

Mortgage buyer Freddie Mac says the average rate for the 30-year loan ticked up to 4.41 percent from 4.40 percent last week. The average for the 15-year mortgage increased to 3.47 percent from 3.42 percent.

Mortgage rates have risen about a full percentage point since hitting record lows about a year ago.

A report released Tuesday by real estate data provider CoreLogic showed U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales.

Most economists expect home sales to rebound as the weather improves and the spring buying season begins.

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Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.
mortgage,rates,30-year,15-year
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2014-12-03
Thursday, 03 Apr 2014 10:12 AM
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