Long-term mortgage rates rose this week to the highest level in months.
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Mortgage giant Freddie Mac said the rate on benchmark 30-year, fixed-rate mortgages hit 3.95 percent, up from 3.90 percent last week and highest since July. The rate on 15-year home loans, popular among those who refinance mortgages, climbed to an average 3.31 percent, highest since April and up from 3.24 percent last week.
This week | Last week | A year ago | |
30-year fixed | 3.95 | 3.90 | 3.94 |
15-year fixed | 3.31 | 3.24 | 3.14 |
5-year adjustable | 3.21 | 3.22 | 3.07 |