close

Average rate on 30-year mortgage eases to 3.93 percent

1 min read

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged lower this week, with the key 30-year loan rate remaining under 4 percent.

Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage ticked down to 3.93 percent from 3.94 percent a week earlier. A year ago, the average rate was 4.10 percent.

The rate on 15-year fixed-rate mortgages eased this week to 3.15 percent from 3.17 percent.

Investors and financial experts are watching for an anticipated interest-rate increase by the Federal Reserve next month, which could bring higher rates for home loans. The Fed has kept its key short-term rate near zero since the financial crisis year 2008.

CUSTOMER LOGIN

If you have an account and are registered for online access, sign in with your email address and password below.

NEW CUSTOMERS/UNREGISTERED ACCOUNTS

Never been a subscriber and want to subscribe, click the Subscribe button below.

Starting at $3.75/week.

Subscribe Today