Average US 30-year mortgage rate edges up to 3.83 percent, near 19-month low

Home Mortgage Associated Press

Average U.S. mortgage rates rose slightly this week but the benchmark 30-year low remained very close to the 19-month low hit last week.

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Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage edged up to 3.83 percent this week from 3.80 percent last week, which had been the lowest level since May 2013.

Other mortgage rates were also up by small amounts but all remained near historically low levels that should be a boon to potential homebuyers.

The average for a 15-year mortgage, a popular choice for people who are refinancing, stood at 3.10 percent, compared to 3.09 percent last week. The rate for a one-year adjustable rate mortgage rose to 2.39 percent, compared to 2.38 percent last week.