Closing out a year of surprisingly low mortgage interest rates, the average rate for a conventional 30-year home loan was 3.87% this week, Freddie Mac said, up slightly from 3.83% a week ago.
Average U.S. mortgage rates rose slightly this week, but the benchmark 30-year rate stayed near a 19-month low.
WASHINGTON (AP) — Average U.S. mortgage rates rose slightly this week, but the benchmark 30-year rate stayed near a 19-month low.
The 30-year fixed-rate average rises for the second week in a row, but ends the year 66 basis points below where it started.
U.S. benchmark 30-year mortgage rate rises to 3.87%
The average rate for a 30-year fixed-rate mortgage rose to 3.87% in the week that ended Dec. 31 from the prior week's reading of 3.83%, according to a Wednesday report from federally controlled mortgage-buyer Freddie Mac.
Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing that while average fixed mortgage rates move slightly higher this week, the average 30-year fixed-rate mortgage ends …