BUYING NEWS
WASHINGTON (AP) — US long-term mortgage rates were little changed this week. The key 30-year fixed-rate loan hovered around an average 3.8 percent for the third straight week.
Before leveling off, rates marked six straight weeks of declines, putting them at historically low levels during this spring’s home-buying season. Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year mortgage ticked up this week to 3.84 percent from 3.82 percent last week. By contrast, a year ago the rate stood at 4.57 percent.
The average rate for 15-year fixed-rate home loans slipped this week to 3.25 percent from 3.26 percent.
Long-term US mortgage rates were little changed this week. The key 30-year fixed-rate loan hovered around an average 3.8 percent for the third straight week.
