Friday, November 8, 2013
30 year mortage rate average 4.16%
WASHINGTON – Nov. 8, 2013 – Average U.S. rates on fixed mortgages rose slightly last week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan increased to 4.16 percent from 4.10 percent last week, which was the lowest level in four months. The average on the 15-year fixed mortgage rose to 3.27 percent from 3.20 percent. Rates have been falling since September when the Federal Reserve surprised investors by continuing to buy $85 billion a month in bonds. The purchases are intended to keep long-term interest rates low.