Average Rate on 30-year U.S. Mortgage Nearing 4%

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(WASHINGTON) — The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan jumped to 3.91 percent from 3.81 percent last week. That’s the highest since March 2012.

The rate on the 15-year loan rose to 3.03 percent from 2.98 percent. That’s the highest since last May.

http://business.time.com/2013/06/06/average-rate-on-30-year-us-mortgage-nearing-4/#ixzz2WWJ8Xh5m

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