72°
Baton Rouge, Louisiana
7 Day Forecast

Latest Weather Blog

Follow our weather team on social media

Average US rate on 30-year mortgage rises to 4.08 percent

1 year 6 months 3 weeks ago July 02, 2015 Jul 2, 2015 Thursday, July 02 2015 July 02, 2015 10:38 AM in News
Source: Associated Press
By: APNewsNow

WASHINGTON - Average long-term U.S. mortgage rates rose this week, reaching high levels for the year.

Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage rose to 4.08 percent this week from 4.02 percent a week earlier. The rate on 15-year fixed-rate mortgages increased to 3.24 percent from 3.21 percent.

Mortgage rates have increased in recent weeks, in the midst of the spring home buying season, as the economy has shown signs of improvement.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days