WASHINGTON – Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.47 percent from 4.42 percent last week. This benchmark rate averaged 3.97 percent a year ago. With the start of the traditional spring homebuying season, people shopping for homes are dealing with higher loan costs and fewer properties for sale.
Comment on Mortgage rates rise, making houses less affordable in a competitive market
JOSH BOAK - Associated Press, Portland Press Herald
Thu, 04/19/2018 - 7:47am
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