Friday Rate Update

Mortgage Rates Little Changed 

The rate for a 30-year fixed-rate mortgage was 3.59 percent this week, up slightly from 3.58 the week prior, Freddie Mac said yesterday. At this time last year, the 30-year FRM averaged 3.65 percent.

This week’s 15-year FRM averaged 2.85 percent, down slightly from last week’s average of 2.86 percent. A year ago, the 15-year FRM averaged 2.92 percent.

--ABA Daily Newsbytes