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Average US rate on 30-year mortgage rises to 3.82 percent

Average US rate on 30-year mortgage rises to 3.82 percent; 15-year loan up to 3.03 percent

Average US rate on 30-year mortgage rises to 3.82 percent

WASHINGTON (AP) -- Average long-term U.S. mortgage rates rose this week yet remained below 4 percent for a 12th straight week.

Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage increased to 3.82 percent from 3.76 percent a week earlier. The rate on 15-year fixed-rate mortgages rose to 3.03 percent from 2.99 percent.

Despite the increase, rates remained well below last year's levels, providing an inducement for potential homebuyers.

A year ago, the average 30-year mortgage rate was 3.97 percent, while the rate for 15-year loans was 3.18 percent.


Updated : 2021-09-24 17:34 GMT+08:00