US long-term mortgage rates flat to higher; 30-year 4.42 pct

WASHINGTON — Long-term U.S. mortgage rates were flat to slightly higher this week with the spring home buying season well underway.

Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages edged up to 4.42 percent from 4.40 percent last week. The benchmark stood at an average 4.08 percent a year ago.

Long-term rates fell last week, following a stretch of increases in January, February and early March as interest rates generally rose.

The average rate on 15-year, fixed-rate loans held steady this week at 3.87 percent.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.

The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. The fee on 30-year fixed-rate mortgages fell to 0.4 percent from 0.5 percent last week. The fee on 15-year fixed-rate loans was unchanged from last week at 0.4 percent.

The average rate for five-year adjustable-rate mortgages slipped to 3.61 percent from 3.62 percent last week. The fee declined to 0.3 percent from 0.4 percent.

You may also like these

Australia reveals pre-poll plan to balance budget...

May 8, 2018

Australia reveals pre-poll plan to balance budget in 2 years while cutting taxes

China ambassador urges Australia against 'bias...

Jun 19, 2018

China's ambassador to Australia says the strained diplomatic relationship between the two countries...

Global stocks climb on signs US rate hike not...

Aug 18, 2016

Global stocks rose Thursday after Wall Street edged higher on news the U.S. Federal Reserve is in...

Merkel appeals to Russia to enable Syria...

Sep 5, 2016

German Chancellor Angela Merkel is renewing an appeal to Russia to enable a cease-fire in Syria and...

May says Britain still inspires confidence...

Sep 5, 2016

After meeting with other world leaders during the G-20 summit, British Prime Minister Theresa May...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!