Average US rate on 30-year mortgage rises to 4.08 percent
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.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Instant Classic: Zachary's late touchdown lifts Broncos past West Monroe 27-24
Zachary wins back to back titles after late game winning touchdown
John Curtis blows out Catholic High to win their 27th state title
U-High Cubs go back-to-back for first time in program history
Amite snaps 14-year title drought