Friday Rate Update

Mortgage Rates Rise Slightly, Remain Low

The rate for a 30-year fixed-rate mortgage averaged 3.67 percent this week, up slightly from the previous week’s average of 3.66 percent, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 4.27 percent.

This week’s 15-year FRM rate averaged 2.94 percent, up slightly from last week’s 2.93 percent rate. A year ago, the 15-year FRM rate averaged 3.33 percent. Read more.


--ABA Daily Newbytes