Average U.S. Rate on 30-Year Mortgage Rises to 3.66%
Homendo Editorial Team
May 2, 2016 • Forensic Industry Report
Long-term U.S. mortgage rates rose this week, lifting from their 2016 lows but remaining historically low during the spring home-buying season.
Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage increased to 3.66 percent from 3.59 percent last week. That brought it close to its level a year ago of 3.68 percent.
The average rate on 15-year fixed-rate mortgages advanced to 2.89 percent from 2.85 percent last week.
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