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Long-Term Mortgage Rates Hold Steady

WASHINGTON (AP) – U.S. long-term mortgage rates held steady this week, offering a potential boon to homebuyers amid an uncertain economic outlook.

Mortgage rates have been running near historic lows, though average rates for the key 30-year loan showed volatile swings last month.

Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage edged up to 3.65% from 3.64% last week. By contrast, the average rate stood at 4.71% a year ago.

The average rate for 15-year, fixed-rate home loans slipped this week to 3.14% from 3.16% last week.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

                                                                                                                                                                                                                                                                                                                

Information provided by Florida Realtors.  Click here to see the original article.

Reprinted with permission Florida Realtors. All rights reserved. 

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