Long-Term U.S. Mortgage Rates Rise, Staying Near 2014 Highs

WASHINGTON (AP) -

Long-term US mortgage rates ticked up again this week, staying at their highest levels since early 2014.

On Thursday, Mortgage buyer Freddie Mac reported the rate on 30-year fixed-rate loans rising to an average 4.32 percent from 4.30 percent last week. That average is at its highest since April, 2014. It’s a sharp increase from a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971.

The average for a 15-year mortgage rose to 3.55 percent from 3.52 percent last week.