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Tags: mortgage | rates | homebuying | housing

Average Mortgage Rates Little Changed Near Historic Lows

Average Mortgage Rates Little Changed Near Historic Lows
(Stock Photo Secrets)

Thursday, 14 July 2016 11:56 AM

Long-term U.S. mortgage rates moved little this week, remaining near historically low levels in the wake of financial disarray in Europe.

Mortgage giant Freddie Mac says the average for the benchmark 30-year fixed-rate mortgage ticked up to 3.42 percent from 3.41 percent last week, staying close to its all-time low of 3.31 percent in November 2012. The average rate is down sharply from 4.09 percent a year ago.

The 15-year mortgage rate slipped to 2.72 percent from 2.74 percent last week.

After Britain's recent vote to leave the European Union, investors fled to the safety of U.S. Treasury bonds, driving up their prices and lowering their yields. Long-term mortgage rates tend to track the yield on 10-year Treasury notes.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Personal-Finance
Long-term U.S. mortgage rates moved little this week, remaining near historically low levels in the wake of financial disarray in Europe.
mortgage, rates, homebuying, housing
119
2016-56-14
Thursday, 14 July 2016 11:56 AM
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