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Average US 30-year Mortgage Rate Rises to 4.19 Percent

Image: Average US 30-year Mortgage Rate Rises to 4.19 Percent

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Thursday, 26 Jan 2017 10:51 AM

Long-term US mortgage rates rose this week after three weeks of declines, marking their first increase of the year.

Mortgage buyer Freddie Mac says the rate on 30-year fixed-rate loans climbed to an average 4.19 percent from 4.09 percent last week. That was still sharply higher than a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. A year ago, the benchmark rate stood at 3.79 percent.

The average for a 15-year mortgage increased to 3.40 percent from 3.34 percent last week.

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Long-term US mortgage rates rose this week after three weeks of declines, marking their first increase of the year.Mortgage buyer Freddie Mac says the rate on 30-year fixed-rate loans climbed to an average 4.19 percent from 4.09 percent last week. That was still sharply...
Mortgage Rates, home loans, housing, borrow
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2017-51-26
Thursday, 26 Jan 2017 10:51 AM
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