US Rate On 30-Year Mortgages Rises To 3.59 Pct. - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

US Rate On 30-Year Mortgages Rises To 3.59 Pct.

Posted: Updated:

WASHINGTON (AP) - Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
    
Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 3.59 percent this week. That's up from 3.51 percent last week and above the rate of 3.31 percent reached in November, the lowest on records dating to 1971.
    
The average on the 15-year loan jumped to 2.77 percent. That's up from 2.69 percent last week. The record low of 2.56 percent was hit on May 2.
    
Cheaper mortgages are a key reason home sales have increased this year. That's helped boost home prices and construction, too.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

HD DOPPLER 6i
/
  • National NewsMore>>

  • Mad Minute stories from Friday, June 23rd

    Mad Minute stories from Friday, June 23rd

    Saturday, June 24 2017 2:00 AM EDT2017-06-24 06:00:11 GMT

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Friday, June 23rd.

    More >>

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Friday, June 23rd.

    More >>
  • Lobbyist wounded in GOP baseball shooting leaves hospital

    Lobbyist wounded in GOP baseball shooting leaves hospital

    Friday, June 23 2017 8:54 PM EDT2017-06-24 00:54:41 GMT
    @gwuhospital Facebook page@gwuhospital Facebook page

    WASHINGTON, D.C. (AP) - Another victim of the mass shooting that critically injured a congressman is out of the hospital. The family of Tyson Foods lobbyist Matt Mika says he was released Friday from George Washington University Hospital. Mika was among five people hit by gunfire multiple times in his chest and arm in the attack on a Republican baseball practice in Alexandria, Virginia, on June 14. The others were U.S. Rep. Steve Scalise, two U.S. Capitol Police...

    More >>

    WASHINGTON, D.C. (AP) - Another victim of the mass shooting that critically injured a congressman is out of the hospital. The family of Tyson Foods lobbyist Matt Mika says he was released Friday from George Washington University Hospital. Mika was among five people hit by gunfire multiple times in his chest and arm in the attack on a Republican baseball practice in Alexandria, Virginia, on June 14. The others were U.S. Rep. Steve Scalise, two U.S. Capitol Police...

    More >>
  • HGTV's Gaines: Waco restaurant to be called Magnolia Table

    HGTV's Gaines: Waco restaurant to be called Magnolia Table

    Friday, June 23 2017 8:17 PM EDT2017-06-24 00:17:31 GMT

    WACO, Texas (AP) - HGTV stars Joanna and Chip Gaines say the historic Waco, Texas, cafe they bought last year will be called Magnolia Table and serve breakfast, lunch and brunch. The stars of the TV show "Fixer Upper" say they hope to reopen what had been the Elite Cafe by the end of 2017. Joanna Gaines wrote in a recent blog that she has many great memories from family Sunday brunches at the Elite Cafe. After operating for nearly 100 years, Elite...

    More >>

    WACO, Texas (AP) - HGTV stars Joanna and Chip Gaines say the historic Waco, Texas, cafe they bought last year will be called Magnolia Table and serve breakfast, lunch and brunch. The stars of the TV show "Fixer Upper" say they hope to reopen what had been the Elite Cafe by the end of 2017. Joanna Gaines wrote in a recent blog that she has many great memories from family Sunday brunches at the Elite Cafe. After operating for nearly 100 years, Elite...

    More >>