US long-term mortgage rates rise (Dec. 12)
The benchmark rate stood at 4.63% a year ago. Get the latest real estate news on realestate.boston.com.
WASHINGTON (AP) — US long-term mortgage rates rose this week. Still, rates remain at historically low levels as a lure to prospective home buyers. Mortgage buyer Freddie Mac says the average rate for a 30-year fixed-rate mortgage increased to 3.73% from 3.68% last week. The benchmark rate stood at 4.63% a year ago. The average rate on a 15-year mortgage rose to 3.19% from 3.14%.
The average rate for a five-year adjustable-rate mortgage bucked the trend at 3.36%, down from 3.39% last week.
Freddie Mac surveys lenders nationwide between Monday and Wednesday each week to compile its mortgage rate figures.
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