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US average mortgage rates steady; 30-year stays at 4.81 pct.

US mortgage rates hold steady; 30-year average stays at 4.81 percent

Reported by: AP [ Published on: November 29, 2018 21:45 IST ]
Image Source : AP US average mortgage rates steady; 30-year stays at 4.81 pct.

WASHINGTON (AP) — U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier.

Home borrowing rates remain much higher than they were a year ago. Mortgage giant Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage held steady at 4.81 percent this week. That compares with 3.90 percent a year ago.

The rate on 15-year fixed-rate loans edged up to 4.25 percent from 4.24 percent the previous week.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.

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