Long-Term Mortgage Rates Rise, With 30-Year at 3.56%

WASHINGTON (AP) -
mortgage rates
A newly constructed home in Westwood, Mass. (AP Photo/Steven Senne)

Long-term mortgage rates rose this week but remained at historically low levels.

Mortgage buyer Freddie Mac says the rate on the 30-year, fixed-rate mortgage increased to 3.56 percent from 3.49 percent last week. Average rates on the benchmark loan have remained below 3.6 percent for four straight weeks — the first time that’s happened since the fourth quarter of 2016.

A year ago, the 30-year rate stood at 4.6 percent.

The average rate for 15-year, fixed-rate home loans rose to 3.09% from 3% last week.