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WASHINGTON | Average US mortgage rates edge up; 30-year at 4.54 percent

WASHINGTON— Long-term U.S. mortgage rates edged up slightly this week, reaching their highest levels since late June.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.54 percent from 4.52 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24. The rate stood at 3.92 percent a year ago.

The average rate on 15-year, fixed-rate loans ticked up to 4.02 percent this week from 4.00 percent last week.

New Post has been published on https://is.gd/myGXbk

WASHINGTON | Average US 30-year mortgage rates fall to 4.52 percent

WASHINGTON — Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. Still, the average rate has increased from a year ago when it stood at 3.96 percent.

The average rate on 15-year, fixed-rate loans slipped to 3.99 percent from 4.04 percent a year ago.

Mortgage rates have declined as investors have bought 10-year U.S. Treasury notes, causing their yield to decline. The yield peaked in May at 3.11 percent and has since dipped to 2.83 percent as the financial markets have sought a haven amid risks of a trade war.

New Post has been published on https://is.gd/myGXbk

WASHINGTON | Average US 30-year mortgage rates fall to 4.52 percent

WASHINGTON — Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. Still, the average rate has increased from a year ago when it stood at 3.96 percent.

The average rate on 15-year, fixed-rate loans slipped to 3.99 percent from 4.04 percent a year ago.

Mortgage rates have declined as investors have bought 10-year U.S. Treasury notes, causing their yield to decline. The yield peaked in May at 3.11 percent and has since dipped to 2.83 percent as the financial markets have sought a haven amid risks of a trade war.