WASHINGTON (AP) — U.S. long-term mortgage rates rose moderately this week, remaining at historically low levels that can lure potential purchasers in the spring homebuying season.
Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage increased to 4.12% from 4.08% last week. Two weeks ago, the benchmark loan rate marked its steepest weekly drop in a decade, from 4.28%.
The average rate on the 30-year loan stood at 4.42% a year ago.
The average rate this week for 15-year, fixed-rate home loans rose to 3.60% from 3.56%.