Average U.S. rates on fixed mortgages jumped this week to their highest levels in a year, signaling slightly higher costs for homebuyers. But rates still remain low by historical standards.
Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan rose to 3.81 percent, up from 3.59 percent last week. That’s still not far from the 3.31-percent rate reached in November, the lowest on records dating to 1971.
The average on the 15-year loan rose to 2.98 percent, up from 2.77 percent last week. The record low of 2.56 percent was reached in early May