Average US 30-year mortgage rate ticks up to 4.05 percent

Grandma Redfeather
Nov. 29, 2016, file photo, Grandma Redfeather of the Sioux Native American tribe walks in the snow to get water at the Oceti Sakowin camp where people have gathered to protest the Dakota Access oil pipeline in Cannon Ball, N.D. "It's for my people to live and so that the next seven generations can live also," said Redfeather of why she came to the camp. "I think about my grandchildren and what it will be like for them." North Dakota Sen. John Hoeven said Tuesday, Jan. 31, 2017, that the Acting Secretary of the Army has directed the Army Corps of Engineers to proceed with an easement necessary to complete the Dakota Access pipeline. (AP Photo/David Goldman, File)

WASHINGTON/April 11, 2017 (AP) (StlRealEstate.News) — Long-term U.S. mortgage rates inched higher this week. The benchmark 30-year rate remained above the key threshold of 4 percent.

Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate home loans rose to 4.05 percent from 4.02 percent from last week. The rate stood at 3.57 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971.

The rate on 15-year mortgages ticked up to 3.29 percent last week from 3.27 percent.

Kathy Bratkowski
About Kathy Bratkowski 113 Articles
Kathy Bratkowski is an award-winning writer and multimedia producer. Her television work has been recognized with eleven regional Emmy® awards and multiple Telly awards. Her documentaries and programs have screened at film festivals (St. Louis International Film Festival and New York Television Festival). She writes and produces videos and web content for dozens of national corporations. In a previous life, she was a television news producer and worked in the corporate world. She is a published feature and short story writer and has an M.A. in Marketing and an M.F.A. in Creative Writing. She teaches Multimedia Storytelling (aka Convergence Media Production) at St. Louis Community College-Forest Park.