(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.
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