Average US 30-year mortgage rate ticks up to 3.45 per cent
Aug 11, 2016 | 8:00 AM
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WASHINGTON — Long-term U.S. mortgage rates edged higher this week, though rates remain at historically low levels.
Mortgage giant Freddie Mac says the average for the benchmark 30-year fixed-rate mortgage ticked up to 3.45 per cent from 3.43 per cent last week. The average rate is down sharply from 3.94 per cent a year ago, and remains close to its all-time low of 3.31 per cent in November 2012.
The 15-year fixed mortgage rate rose to 2.76 per cent from 2.74 per cent last week.
Record-low interest rates this year have helped spur home purchases and boost the housing market.
