Mortgage rates hit 2015 high

Aspate of positive economic reports helped push average fixed mortgage rates this week to their highest level of the year.

Still, the cost of borrowing money to buy or refinance a home remains lower than it was a year ago.

The average interest rate on a 30-year fixed-rate loan this week was 3.87 percent, compared with 3.84 percent last week and 4.12 percent in the same week a year ago, according to Freddie Mac’s weekly survey.

Pending U.S. home sales jump to strongest level in 9 years
Pending U.S. home sales jump to strongest level in 9 years
On a 15-year fixed-rate mortgage, the average rate rose to 3.11 percent this week, from 3.05 percent last week. A year ago, that rate stood at 3.21 percent. More here.

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