WASHINGTON – Long-term U.S. mortgage rates didn't budge this week, remaining at historically low levels that continue to lure prospective home buyers.
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Mortgage giant Freddie Mac said Thursday that the average for the benchmark 30-year fixed-rate mortgage was 3.43 percent, unchanged from last week. The average rate is down from 3.84 percent a year ago, and is close to its all-time low of 3.31 percent in November 2012.
The 15-year fixed mortgage rate stayed at 2.74 percent.
Financial markets are awaiting a speech by Federal Reserve Chair Janet Yellen Friday at an annual conference of central bankers for clues on a possible interest-rate increase. The Fed is expected to hold off raising rates at its meeting next month, but Yellen's comments may provide a hint on the likelihood of a future increase.