Freddie Mac: Mortgage rates rise but 30-year fixed remains below 4%
The average rate for a 30-year fixed-rate mortgage rose to 3.98% from the prior week's average of 3.92%, which had been the lowest reading in more than 16 months, according to Freddie Mac's latest weekly survey.
The 15-year fixed-rate mortgage rose to 3.13% on average from 3.08% in the prior week.
A year ago, the 30-year fixed rate was at 4.10%, and the 15-year fixed averaged 3.20%
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