Connect with us
Mortgage consulting services Canada


US average mortgage rates at 7-year highs; 30-year 4.66 pct.

Canada real estate broker

WASHINGTON — Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.66 per cent, up from 4.61 per cent last week. Pushing toward the significant 5 per cent level, the new average benchmark rate was the highest since May 5, 2011. By contrast, the 30-year rate averaged 3.95 per cent a year ago.

The average rate on 15-year, fixed-rate loans increased to 4.15 per cent from 4.08 per cent last week.

The Associated Press

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Connect with us Facebook

Recent Posts

Contact Us