Average US 30-year mortgage rate rises to 4.19 percent

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FILE - In this file photo dated Monday, Jan. 9, 2017, Fiat Chrysler CEO Sergio Marchionne during a briefing at the North American International Auto show, in Detroit, USA. Marchionne said Thursday Jan. 26, 2017, in a conference call that discussions ... are "proceeding well" with U.S. environmental authorities over accusations that the company failed to disclose software that let vehicles emit more pollution than allowed. (AP Photo/Carlos Osorio, File) (The Associated Press)

Long-term US mortgage rates rose this week after three weeks of declines, marking their first increase of the year.

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Mortgage buyer Freddie Mac says the rate on 30-year fixed-rate loans climbed to an average 4.19 percent from 4.09 percent last week. That was still sharply higher than a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. A year ago, the benchmark rate stood at 3.79 percent.

The average for a 15-year mortgage increased to 3.40 percent from 3.34 percent last week.