Average US 30-Year Loan Rate Rises to 3.93%

Markets Associated Press

Average U.S. long-term mortgage rates edged higher this week after four weeks of declines, but they remained at historically low levels that could entice potential homebuyers.

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Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage rose to 3.93 percent this week from 3.89 percent last week. It is now at its lowest level since June 2013.

Rates are about a half-point lower than at the beginning of the year, when the benchmark 30-year rate stood at 4.53 percent.

The average for a 15-year mortgage, a popular choice for people who are refinancing, increased to 3.20 percent from 3.10 percent last week.