The average rate on 15-year, fixed-rate loans was unchanged from last week, at 4.04 percent. Long-term loan rates have been running at their highest levels in seven years. The average 30-year mortgage rate reached a high this year of 4.66 percent on May 24; the 15-year rate hit 4.15 percent that day.
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This month, a couple of Canada’s Big Five banks announced they were increasing mortgage rates. Does that mean rates will keep rising? RBC kicked off the year by saying it would increase rates on special offers for fixed-rate mortgages by 10 basis points for those with terms of between two and five years.
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FILE – This Thursday, Dec. 3, 2015, file photo shows an existing home for sale in Roswell, Ga. After nine straight weeks of increases, long-term US mortgage rates fell the week of Jan. 5, 2017.
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US long-term mortgage rates fall; 30-year at 4.57 percent WASHINGTON (AP) – Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week.
US Long-Term Mortgage Rates Fall; 30-Year at 4.55 Percent The average rate on 15-year, fixed-rate loans was unchanged from last week at 4.04 percent
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WASHINGTON (AP) – After nine straight weeks of increases, long-term US mortgage rates fell this week. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans declined to an average 4.20 percent from 4.32 percent last week. That was still sharply higher than a 30-year rate.