Long-term U.S. mortgage rates rise, staying near 2014 highs. Long-term
U.S. mortgage rates ticked up again this week, staying at their highest levels since early 2014.
Mortgage buyer Freddie Mac on Thursday reported the rate on 30-year fixedrate loans rose to an average 4.32 percent from 4.30 percent last week. That average is at its highest since April 2014.
It’s a sharp increase from a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971.
Rates began to climb after the presidential election.