WASHINGTON – Long-term mortgage rates are unchanged this week: The 30-year fixed-rate mortgage remained at 3.83 percent; the 15-year home loan, popular among homeowners who refinance their mortgages, stayed at 3.13 percent, mortgage buyer Freddie Mac says.
Rates on long-term home loans typically track the yield on 10-year Treasury notes, which barely budged this week.
Two weeks ago, the 30-year mortgage hit a low for the year before bouncing back up last week. So far this year, the 30-year rate is running above last year’s average of 3.65 percent.
Freddie Mac says the rate on adjustable five-year mortgages blipped up to 3.20 percent from 3.17 percent.
Subscribe to the Morning Review newsletter
Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter.