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Rate on 30-year mortgage ticks up
POSTED: 05:06 a.m. HST, Nov 29, 2012
LAST UPDATED: 05:08 a.m. HST, Nov 29, 2012
WASHINGTON » Average U.S. rates on fixed mortgages stayed close to record lows this week, a trend that has made home buying more affordable and helped the housing market recover.
Mortgage buyer Freddie Mac says the average rate on the 30-year loan edged up to 3.32 percent. That's close to last week's rate of 3.31 percent, the lowest on records dating to 1971.
The average on the 15-year fixed mortgage ticked up to 2.64 percent from 2.63 percent last week, also a record low.
The average rate on the 30-year loan has been below 4 percent all year. It has fallen further since the Federal Reserve started buying mortgage bonds in September to encourage more borrowing and spending.
Rate on 30-year mortgage ticks up
Rate on 30-year mortgage holds steady
Mortgage rates hit another historic low, expected to keep dropping
Rate on 30-year loan dips slightly
Rate on 30-year mortgage ticks up slightly
Rate on 30-year mortgage ticks up
Mortgage rates, already at record lows, expected to keep falling
Rate on 30-year mortgage dips slightly
U.S. 30-year mortgage rate stays at record 3.66 percent
Rate on 30-year mortgage dips slightly
