Average US 30-year mortgage rate rises to year-high 4.21 pct

[McFurd]

WTOP - 3/9/2017 - Long-term U.S. mortgage rates rose this week, marking new highs for the year. An increase in a key interest rate is expected by the Federal Reserve next week, propelled by signs of strength in the economy. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans climbed to 4.21 percent from 4.10 percent last week. The benchmark rate stood at 3.68 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971. The rate on 15-year mortgages increased to 3.42 percent from 3.32 percent last week. Read more @ http://wtop.com/consumer-news/2017/03/a ... -4-21-pct/