#average rate

WASHINGTON | US average mortgage rates steady; 30-year stays at 4.81 pct.

WASHINGTON  — U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier.

Home borrowing rates remain much higher than they were a year ago. Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage held steady at 4.81 percent this week. That compares with 3.90 percent a year ago.

The rate…

WASHINGTON | US mortgage rates fall: 30-year at 4.81 percent

WASHINGTON — U.S. long-term mortgage rates recorded the biggest drop in nearly four years this week, but remain much higher than they were a year ago.

Mortgage giant Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 percent this week, down from 4.94 percent a week earlier. It was the biggest weekly drop since January 2015. But the 30-year rate was still…

WASHINGTON | US average mortgage rates flat to higher; 30-year 4.94 pct.

WASHINGTON — U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and dampening home sales.

Mortgage buyer Freddie Macsaid Thursday the average rate on a 30-year, fixed-rate mortgage was unchanged from last week at 4.94 percent. That’s the highest level for the benchmark rate since February 2011. A year ago the rate stood at 3.95…

WASHINGTON | US mortgage rates fall slightly; 30-year at 4.85 percent

WASHINGTON— Long-term U.S. mortgage rates dipped slightly this week, taking a pause after weeks of steady increases stoked by rising interest rates.

Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent.

Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages declined to an average 4.85 percent this week…