U.S. rate up to 4.29% on 30-year mort­gage

The Washington Times Daily - - Business - From wire dis­patches and staff re­ports

Av­er­age U.S. mort­gage rates rose mod­estly this week, a move that makes home-buy­ing a bit less af­ford­able. Still, rates re­main near his­tor­i­cally low lev­els.

Mort­gage buyer Fred­die Mac said Wed­nes­day that the av­er­age rate on the 30-year loan in­creased to 4.29 per­cent from 4.22 per­cent last week. The av­er­age on the 15-year fixed ticked up to 3.3 per­cent from 3.27 per­cent.

Rates have risen nearly a full per­cent­age point since May af­ter the Fed­eral Re­serve sig­naled it might slow its bond pur­chases by the end of the year.

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