Rate Update

Mortgage Rates Little Changed

The rate for a 30-year fixed-rate mortgage averaged 3.70 percent last week, up slightly from the previous week’s average of 3.69 percent, Freddie Mac said on Thursday. At this time last year, the 30-year FRM rate averaged 4.41 percent.

Last week’s 15-year FRM rate averaged 2.98 percent, up slightly from the previous week’s 2.97 percent. A year ago, the 15-year FRM rate averaged 3.47 percent