Contact Us

US Average Rate On 30-year Loan At 4.40 pct.

Home Prices Rise Sharply In May
Photo by Justin Sullivan/Getty Images

WASHINGTON (AP) — Average U.S. rates on fixed mortgages barely changed this week, giving prospective homebuyers time to lock in relatively low rates.

Mortgage buyer Freddie Mac says the average on the 30-year loan edged up to 4.40 percent from 4.39 percent last week. The rate is a full percentage point higher than in early May, when rates neared record lows. But rates remain low by historical standards.

The average on the 15-year fixed loan was unchanged at 3.43 percent.

Mortgage rates spiked in June after Chairman Ben Bernanke indicated the Federal Reserve could slow its bond purchases later this year. The bond purchases have kept long-term interest rates low, encouraging more borrowing and spending.


Copyright 2013 The Associated Press.

Best of News Talk 940

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://voiceofamarillo.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Register on News Talk 940 AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a member? Sign up here

Register on News Talk 940 AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Sign up to have exclusive VOA VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.