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January is National Soup Month, which is your favorite?
Average US mortgage rates rise; 30-year at 4.60 percent
August 02, 2018 - 9:52 am
The Associated Press
WASHINGTON (AP) — Long-term U.S. mortgage rates rose for the second straight week, continuing to dampen prospects for potential homebuyers.
Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages jumped to 4.60 percent this week from 4.54 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24. By contrast, the rate stood at 3.93 percent a year ago.
The average rate on 15-year, fixed-rate loans increased to 4.08 percent this week from 4.02 percent last week.
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