WASHINGTON (AP) — US long-term mortgage rates moved little this week after the key 30-year-loan rate marked its steepest weekly drop in a decade the week before.
Mortgage buyer Freddie Mac says the average rate on the 30-year fixed-rate mortgage ticked up from 4.06 percent to 4.08 percent. It had plunged from 4.28 percent last week. The average rate on the benchmark loan stood at 4.4 percent a year ago.
The average rate this week for 15-year fixed-rate home loans slipped from 3.57 percent last week to 3.56 percent this week.