Fixed mortgage rates on long-term loans in the United States rose off record lows in the week ending Thursday, the Federal Home Loan Mortgage Corp. said.
The average 30-year fixed mortgage interest rate rose from 3.36 percent to 3.39 percent with an average 0.7 points, Freddie Mac said.
A year earlier, interest rates for 30-year, fixed-rate loans were at 4.12 percent.
For 15-year loans, interest rates rose from 2.69 percent to 2.7 percent with an average 0.6 points. A year ago, 15-year loan rates averaged 3.37 percent.
Average interest rates for five-year adjustable-rate mortgages rose from 2.72 percent in the week to 2.73 percent. In the same week of 2011, rates for five-year ARM contracts stood at 3.06 percent.
The average interest rates for one-year ARM contracts was 2.59 percent in the week with 0.4 points, up from 2.57 percent in the previous week.
Rates a year ago for one-year ARM contracts averaged 2.9 percent.
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- The 2014 Fastest-Growing 100
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- Boehner Says Impeachment Talk Is Democrat Scam
- You're So Vain: Microsoft to Launch First 'Selfie Phone'
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- RV Sales See Highest Increase Post Great Recession
- U.S. Home Price Gains Slow for 6th Month in a Row
- Report: China to Declare Qualcomm a Monopoly
- Insecticides Permeate U.S. Food, Water Supply