US rate on 30-year mortgages rises to 3.59 pct.

By Qiong (June) Zhang37 Comments

http://seattletimes.com/html/businesstechnology/2021041225_apusmortgagerates.html

Average rates on fixed mortgages rose for the third straight week, hitting their highest levels since mid-March.

Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan increased to 3.59% this week. That’s up from 3.51 % last week. And it is above the rate of 3.31% reached in November, the lowest on records dating to 1971.

The average on the 15-year loan jumped to 2.77%. That’s up from 2.69% last week. The record low of 2.56% was hit on May 2.

The average rate on a five-year adjustable-rate mortgage edged up to 2.63 percent from 2.62 percent.

Mortgage rates rose sharply this week because they tend to track the yield on the 10-year Treasury note.

详细历史记录请参看:Rates History

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